Divine Power Energy Limited — Board Meeting, 29-11-2024: Outcome of Board Meeting

The Board of Divine Power Energy Limited has approved the creation, issuance, and allotment of up to 35,01,000 equity shares at a price of ₹120 per share, which includes a premium of ₹110 per share, totaling up to ₹42.01 crores. This preferential issue will be directed toward certain non-promoter entities, subject to shareholder approval through Postal Ballot and remote e-voting. Additionally, a Scrutiniser has been appointed for the voting process, and a Registered Valuer will determine the share price as per regulatory requirements.