Manaksia Coated Metals & Industries Limited — Board Meeting, 02-12-2024: Outcome of Board Meeting

The Board of Directors of Manaksia Coated Metals & Industries Ltd. has approved raising up to ₹134.55 crore through the issuance of fully convertible warrants on a preferential basis. The plan includes the allotment of 3,600,000 warrants to promoters and 17,100,000 warrants to the non-promoter public category, priced at ₹65 each. An Extraordinary General Meeting is set for December 26, 2024, to seek shareholder approval for this decision. The outcome may enhance long-term financial resources and aid business growth.