Swadeshi Industries & Leasing Ltd — Board Meeting, 17-04-2025: Board Meeting

Swadeshi Industries & Leasing Ltd. has announced a board meeting outcome where significant changes were approved, including an increase in authorized share capital from ₹12.5 crore to ₹25 crore, expanding equity shares from 1.25 crore to 2.5 crore. The board also plans to issue up to 1.23 crore convertible warrants, each convertible into one equity share at ₹10, on a preferential basis, subject to shareholder approval at an upcoming EGM scheduled for May 15, 2025. This move could enhance capital raising flexibility, potentially attract investor interest, and supports a positive outlook for future growth opportunities.