Ushanti Colour Chem Limited — Board Meeting, 16-04-2025: Outcome of Board Meeting

The Board of Ushanti Colour Chem Limited has announced a board meeting outcome highlighting several key resolutions. The company approved a fundraising initiative to raise up to ₹20.25 Cr through the issuance of up to 29.78 lakh convertible equity warrants at a price of ₹68 each, subject to shareholder approval. Additionally, Mrs. Nisha Bhavin Shah has been appointed as an Additional (Non-Executive) Independent Director for a five-year term. Ms. Hanisha Jinish Patel has resigned as a Non-Executive Independent Director, and the Board also reconstituted various committees in light of these changes. An Extraordinary General Meeting is scheduled for May 15, 2025, to seek member approvals on these matters.