Omfurn India Limited — Board Meeting, 20-03-2025: Outcome of Board Meeting

Omfurn India Limited has announced a board meeting outcome where the Board of Directors approved the issuance of 4,17,600 Convertible Equity Share Warrants at ₹ 97 each, subject to shareholder approval. An Extraordinary General Meeting is set for April 16, 2025, to gain necessary member approvals related to this issuing. The warrants will enable subscription to an equivalent number of equity shares, which can be exercised within 18 months. This move is aimed at raising funds for the company's strategic initiatives.