Divine Power Energy Limited — Board Meeting, 24-03-2025: Outcome of Board Meeting

The Board of Directors has approved the allotment of 22,98,000 fully paid-up equity shares on a preferential basis at an issue price of ₹124 per share, resulting in total proceeds of approximately ₹28.50 crore. This allotment follows shareholder approval for preferential issuance and complies with regulatory requirements. The total issue of equity shares includes up to 35,01,000 shares, demonstrating strong investor interest, with 44 investors participating in this round. This move is expected to strengthen the company's capital base.