MITCON Consultancy & Engineering Services Limited — Board Meeting, 26-03-2025: Outcome of Board Meeting

MITCON Consultancy & Engineering Services Limited has announced a board meeting to discuss key strategic developments, including the approval to acquire a 49% stake in MINVEN Group’s three solar power entities: MINVEN Solar 01, MINVEN Solar 02, and MINVEN Solar 03. This acquisition aims to enhance the company’s solar asset portfolio and is set to be completed within 60 business days. Moreover, the board approved a Postal Ballot Notice to seek shareholder approvals for appointing an Independent Director, increasing borrowing limits, and other related party transactions.