Norben Tea & Exports Limited — Others, 06-12-2024: Shareholders meeting

Norben Tea & Exports Limited has announced a board meeting to discuss an Extra-Ordinary General Meeting (EGM) on December 30, 2024. The EGM will address two key proposals: increasing the authorized share capital from ₹12 crores to ₹16 crores and approving the issuance of up to 37,94,100 convertible warrants to non-promoters at ₹17 per warrant, totaling approximately ₹6.45 crores. This capital raise aims to support working capital and loan repayments. Investor sentiment may be positively influenced by the planned expansion, while the proposed increase in authorized share capital could enhance future growth opportunities.