A B Infrabuild Limited — Board Meeting, 30-11-2024: Outcome of Board Meeting

The Rights Issue Committee has approved the Draft Letter of Offer (DLOF) for raising funds through the issuance of fully paid-up equity shares on a Rights basis, not exceeding ₹40 crores. The details on pricing and ratio will be determined later by the Board or Rights Issue Committee. This approach aims to strengthen the company's financial position, with in-principle approvals to be sought from BSE and NSE. The committee's meeting commenced at 3:00 PM and concluded at 3:40 PM.