Valiant Organics Limited — Board Meeting, 13-11-2024: Outcome of Board Meeting

The Board has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024. Key financial highlights include a total income of ₹331.49 crore and a net loss of ₹11.16 crore. The Board also endorsed the re-designation of Shri. Parimal Desai as Managing Director and the appointment of Shri. Paras S. Savla as an Additional Non-Executive Independent Director. Additionally, a proposal to increase the authorized share capital from ₹40 crore to ₹55 crore and to raise ₹50 crore via a rights issue was put forth. Lastly, the grant of 15,000 employee stock options at an exercise price of ₹10 was approved.