GRP Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Directors of GRP Limited has convened and made several significant decisions. They approved the financial results for the second quarter and half-year, which showed a revenue from operations of ₹249.94 crore and a profit of ₹107.29 crore for the half-year period. Additionally, they authorized the grant of 28,430 stock options under the "GRP Limited Employee Stock Option Plan 2024." The Board also approved raising up to ₹150 crore through Qualified Institutional Placement (QIP) to support strategic expansions, including constructions for renewable energy projects and enhancing production capacities in other divisions.