Norben Tea & Exports Limited — Board Meeting, 04-12-2024: Outcome of Board Meeting

The Board of Norben Tea & Exports Limited has approved an increase in the Authorized Share Capital from ₹12 Crore to ₹16 Crore and amended the Capital Clause of the Memorandum of Association. A preferential issue of up to 37,94,100 warrants was also authorized, allowing holders to subscribe to equity shares at ₹17 per warrant. Additionally, an Extraordinary General Meeting (EGM) is scheduled to discuss shareholder approvals for these changes. This strategic move aims to strengthen the company's financial position and bolster its operational capabilities.