Grill Splendour Services Limited — Others, 30-11-2024: Corrigendum

Grill Splendour Services Limited has announced a board meeting regarding the issuance of up to 40,00,000 Fully Convertible Warrants at an issue price of Rs. 85.61 per warrant, aimed at enhancing the company's financial stability and expanding its business. The proceeds of approximately Rs. 34.24 crore will be allocated for business expansion, branding, and working capital among other purposes. This initiative is expected to positively impact investor sentiment as it indicates a proactive approach to strengthening financial health. There will be no changes in board composition or control post-issue, ensuring stability for existing shareholders.