RACL Geartech Limited — Others, 12-04-2025: Shareholders meeting

RACL Geartech Limited has announced a board meeting on May 7, 2025, to hold an Extraordinary General Meeting (EGM) via video conferencing. The EGM will seek shareholder approval for a preferential issue of up to 1,006,480 equity shares, raising approximately ₹79.99 crore. Of these shares, 830,711 will be offered to Qualified Institutional Buyers at an issue price of ₹794.50 per share, while 175,769 shares are designated for a non-qualified institutional buyer at ₹796.50 each. The proceeds are earmarked for repaying outstanding loans and general corporate purposes. This strategic move could bolster the company's liquidity and strengthen its capital structure, presenting a positive outlook for shareholders.