Norben Tea & Exports Limited — QIP/Rights/Pref., 04-12-2024: Issue of Securities

Norben Tea & Exports Limited has approved a preferential issue of up to 37,94,100 warrants, each convertible into 1 equity share at an issue price of Rs. 17. The total consideration amounts to approximately Rs. 6.45 crore. The company plans to raise this amount, subject to shareholder and regulatory approvals. Additionally, the authorized share capital will increase from Rs. 12 crore to Rs. 16 crore, with an Extraordinary General Meeting scheduled for December 30, 2024, to seek shareholder approval for these corporate actions.