Shrenik Limited — Board Meeting, 14-12-2024: Outcome of Board Meeting

The Board of Directors of Shrenik Limited has approved a fund-raising initiative through a rights issue, aiming to raise up to ₹49 crore. The equity shares will have a face value of ₹1 each and will be allotted to eligible shareholders on a rights basis, with specific terms to be determined by the Board. A Rights Issue Committee has been constituted to manage this process, with the authority to appoint intermediaries and handle necessary actions related to the issue.