Softtech Engineers Limited — QIP/Rights/Pref., 14-11-2024: Preferential issue

SoftTech Engineers Limited's Board has approved a preferential issue of equity shares, aiming to raise up to ₹40 crore by issuing 9,87,998 shares at an issue price of ₹405 per share. The funds are intended for strategic growth and to enhance operational capabilities. Concurrently, the company reported its financial results for the quarter and half-year ended September 30, 2024. Total income rose to ₹2,351.58 lakh, while profit after tax was recorded at ₹128.95 lakh, reflecting a robust performance amidst challenging market conditions. The board meeting's agenda included the approval of these results, with further shareholder approvals on the preferred issue scheduled for the near future.