RACL Geartech Limited — Board Meeting, 10-04-2025: Outcome of Board Meeting

The Board of Directors of RACL Geartech Ltd has announced a board meeting outcome, approving the raising of funds through a preferential issuance of equity shares. They plan to issue up to 8,30,711 shares to Qualified Institutional Buyers at an issue price of ₹794.50 per share, totaling approximately ₹66 crores. Additionally, they will offer up to 1,75,769 shares to Non-Qualified Institutional Buyers at ₹796.50 per share for around ₹14 crores. An Extra-Ordinary General Meeting is scheduled for May 7, 2025, to seek shareholder approval for these matters.