Richa Info Systems Limited — Board Meeting, 12-03-2025: Outcome of Board Meeting

Richa Info Systems Limited has announced a board meeting where key resolutions were passed, including the preferential allotment of 21.5 lakh equity shares at an issue price of ₹87 per share. The shares will be allocated in tranches, with the current allotment increasing the paid-up equity share capital to ₹4.58 crore. The board is set to conduct a subsequent meeting for the remaining shares. This strategic move could enhance the company's capital base and shareholder value in the long run.