Softtech Engineers Limited — Others, 15-11-2024: Shareholders meeting

SoftTech Engineers Limited has announced a board meeting to hold an Extraordinary General Meeting (EGM) on December 11, 2024, via video conferencing. The agenda includes a special resolution for the preferential issue of up to 9,87,998 equity shares at a minimum price of Rs. 405 each, totaling Rs. 40.01 crore. This move aims to fund expansion and growth initiatives. The issuance will not result in a change of control and is expected to enhance the company's capital structure, potentially fostering investor confidence due to the strengthened financial position and strategic direction.