MBL Infrastructure Limited — Board Meeting, 13-12-2024: Outcome of Board Meeting

The Board of Directors has approved several key measures, including an increase in the authorized share capital from ₹140 Cr to ₹160 Cr, subject to shareholder approval. Additionally, the Board sanctioned a preferential issue of equity shares valued at ₹16.95 Cr to unsecured creditors upon conversion of unsecured loans, with terms to be finalized later. The meeting also accepted a request from Ms. Jyoti Mundra for reclassification from the 'Promoter & Promoter Group' to the 'Public' category, pending necessary approvals.