Ratnaveer Precision Engineering Limited — Others, 18-11-2024: Shareholders meeting

Ratnaveer Precision Engineering Limited has announced a board meeting to be held on December 10, 2024. The agenda includes an extraordinary general meeting (EGM) focused on increasing the authorized share capital from ₹65 crores to ₹83 crores by issuing an additional ₹18 crores in equity shares. This move aims to bolster the company’s operational capacity and strategic growth objectives. The Board also seeks approval for a preferential allotment of 1,02,04,078 equity shares at ₹196 each, aiming to raise approximately ₹200 crores. This could indicate a positive outlook for investors by enhancing financial flexibility for future projects.