Richa Info Systems Limited — Board Meeting, 13-03-2025: Outcome of Board Meeting

Infosystems Limited's Board has approved the allotment of 37.49 lakh equity shares on a preferential basis at an issue price of ₹87 per share, following a special resolution from a prior Extraordinary General Meeting. This brings the company's paid-up equity share capital to ₹8.33 crore, consisting of 83.29 lakh shares. Further allotments will occur in subsequent tranches. The shares will be listed on the NSE and rank equally with existing shares. This strategic move could enhance shareholder value and strengthen the company’s capital structure.