Ushanti Colour Chem Limited — Others, 22-04-2025: Shareholders meeting

Ushanti Colour Chem Limited has announced a board meeting on 15th May 2025 to discuss key matters at its upcoming Extra Ordinary General Meeting (EGM). The agenda includes a proposed issuance of up to 29,78,000 convertible equity warrants at a face value of INR 10 each, with an issue price of INR 68, to raise up to INR 20.25 crore. This move aims to fund investments in a subsidiary and general corporate purposes, potentially strengthening financial flexibility. Additionally, the appointment of Mrs. Nisha Bhavin Shah as a Non-Executive Independent Director for a five-year term is on the agenda. This could enhance the governance framework, offering a positive outlook for institutional investor confidence without significant risk to existing management structures.