Ratnaveer Precision Engineering Limited — Board Meeting, 10-12-2024: Outcome of Board Meeting

Ratnaveer Precision Engineering Limited has postponed the proposed preferential issue of 1,02,04,078 equity shares and 66,32,244 convertible share warrants. The decision reflects the company's current lack of need for working capital due to delays in upcoming projects, making the fund raising unnecessary at this time. Consequently, the special business related to increasing authorized share capital has also been rescinded. The board affirmed that this decision will not affect the company’s financial performance, operations, or growth prospects, ensuring transparency and confidence among shareholders.