AMBANI ORGOCHEM LIMITED — Board Meeting, 12-12-2024: Outcome of Board Meeting

The Board of Directors of Ambani Orgochem Limited has approved the issuance of 12.60 lakh warrants, each convertible into one equity share, on a preferential basis, pending shareholder approval at the upcoming Extraordinary General Meeting scheduled for January 9, 2025. This move is aimed at raising funds and enhancing the company's capital structure. Shareholding adjustments post-issue have been outlined, indicating minimal dilution for existing shareholders. This strategic action could potentially bolster investor confidence and financial flexibility.