Jiwanram Sheoduttrai Industries Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Directors of Jiwanram Sheoduttrai Industries Limited has approved the unaudited financial results for the half-year period ending on 30th September 2024. Additionally, the Board assessed various options for fundraising aimed at supporting working capital and loan repayments, resolving to raise funds via loans from private lenders or investors by pledging equity shares held by the Promoter or Promoter group. The statutory auditor, M/s. S. K. Bhalotia & Co., has resigned effective 30th September 2024. A follow-up meeting is scheduled for the third or fourth week of November 2024 to finalize fundraising terms.