Slone Infosystems Limited — Others, 01-04-2025: Shareholders meeting

Slone Infosystems Limited has announced a board meeting to discuss an Extra-Ordinary General Meeting (EGM) scheduled for 23rd April 2025. The EGM aims to approve the preferential issue of up to 32,00,000 convertible warrants at an issue price of Rs. 303.0 each. This could raise approximately Rs. 96.96 Crore, primarily to meet working capital requirements and for general corporate purposes. The warrants will be allotted to entities from both the promoter and non-promoter categories. This move indicates a strategy to bolster liquidity and support ongoing operations, which could offer shareholders a positive outlook as it aligns with growth initiatives.