Ratnaveer Precision Engineering Limited — Board Meeting, 11-11-2024: Outcome of Board Meeting

The Board of Directors has considered and approved several significant measures. The Authorized Share Capital will be increased from Rs. 65 Cr to Rs. 83 Cr, subject to approval at the upcoming Annual General Meeting. Additionally, the company plans to issue 1,02,04,078 equity shares at Rs. 196 each, totaling Rs. 199.99 Cr, and 66,32,244 warrants, also priced at Rs. 196 each. An Extraordinary General Meeting is scheduled for December 10, 2024, to discuss these proposals. These actions suggest a strategic move to enhance capital and support growth initiatives.