Sar Televenture Limited — Board Meeting, 12-11-2024: Outcome of Board Meeting

The Board of Directors of SAR Televenture Limited has announced key outcomes from its recent meeting. The board approved the allotment of 99,65,000 equity shares at a price of Rs. 242 each, following prior shareholder approval and NSE guidelines. Additionally, 71,40,000 convertible warrants were allotted at the same price, enabling conversion into equity shares within 18 months. Following these transactions, the company’s paid-up capital has increased to Rs. 9.42 crore. This strategic move aims to bolster the company’s financial position and support future growth initiatives.