QMS Medical Allied Services Limited — Board Meeting, 02-12-2024: Outcome of Board Meeting

The Board of Directors of QMS Medical Allied Services has approved a Rights Issue to raise up to ₹49 crores (Cr) through the issuance of equity shares to eligible shareholders. The draft Letter of Offer for this Rights Issue has also been discussed and approved for submission to the National Stock Exchange (NSE) for in-principle listing approval of the new shares. This strategic move aims to enhance the company's capital base and support future growth initiatives.