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

The Board of Shera Energy Limited has approved the allotment of 16,51,000 equity shares at a price of ₹184 per share, totaling approximately ₹30.38 crore. This marks a reduction in the preferential issue size from ₹31.02 crore due to one allotee, Nathu Ram Public, not subscribing. Post-allotment, the company’s paid-up equity share capital will increase from ₹22.79 crore to ₹24.44 crore. The allotted shares will remain locked in for the specified period. The listing and trading approval application will be submitted to stock exchanges soon.