Brooks Laboratories Limited — Board Meeting, 11-12-2024: Outcome of Board Meeting

The Board of Directors has announced a board meeting during which they approved a fundraising initiative of up to Rs. 75 crore through the issuance of equity shares on a preferential basis, subject to necessary approvals and shareholder consent. To facilitate this, a Fund Raising Committee has been formed, which will oversee the terms of the issuance, price, and list of allottees. This strategic move aims to enhance the company's capital position and will be followed by further disclosures on the specifics of the share issuance.