Shree Karni Fabcom Limited — Board Meeting, 02-04-2025: Outcome of Board Meeting
02-04-2025 · 07:22 pm
The Board has announced a board meeting outcome, approving the allotment of 1,56,750 equity shares at ₹765 each, raising approximately ₹11.99 crore, and 3,15,000 warrants at the same price, targeting ₹24.09 crore from promoters. This move aligns with prior shareholder approvals. These allotments enable strategic capital infusion and potential future equity conversion, enhancing the company's financial positioning. The overall exercise indicates a proactive approach to capital management, aiming to attract further investment while bolstering liquidity and operational agility.
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