Silgo Retail Limited — Board Meeting, 14-04-2025: Outcome of Board Meeting

Silgo Retail Limited has announced a board meeting to discuss the outcome of its funding strategy. The board has approved raising up to ₹33.48 crores through the preferential issue of up to 60,87,727 equity shares at ₹55 each. This move aims to enhance working capital and support expansion. The board will also seek shareholder approval at an Extraordinary General Meeting scheduled for May 10. The appointment of a secretarial auditor and the adoption of a remuneration policy for non-executive directors were also approved.