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 an issue price of ₹184 per share, raising a total of ₹30.38 crore. The initial issue size was ₹31.02 crore but was reduced due to non-subscription by one allottee. Following this allotment, the company's paid-up equity share capital increases to ₹24.44 crore. The shares will be locked in as per regulatory requirements, and listing applications will be made to stock exchanges in due course.