Ushanti Colour Chem Limited — Others, 16-04-2025: Appointment

Ushanti Colour Chem Limited has announced a board meeting outcome, highlighting a significant fund-raising initiative through the issuance of up to 29,78,000 convertible equity warrants at INR 68 each, aiming to raise INR 20.25 Cr. Alongside this, Mrs. Nisha Bhavin Shah has been appointed as an additional independent director for a five-year term, while Ms. Hanisha Jinish Patel has resigned from her directorship. The company plans to hold an Extraordinary General Meeting on May 15, 2025, to seek shareholder approval for these developments. This could foster investor interest given the strategic fundraising and governance changes.