Kavveri Defence & Wireless Technologies Limited — Board Meeting, 22-04-2025: Outcome of Board Meeting

Kavveri Defence & Wireless Technologies Limited has announced a board meeting outcome where the Board of Directors approved the allotment of 1,42,50,000 equity shares following the conversion of an equal number of warrants. The shares were issued at an issue price of ₹16 each, totaling ₹17.10 crore. Post-allotment, the company's equity share capital increases to ₹34.37 crore, comprised of 3,43,74,260 fully paid-up equity shares. This move aims to fortify the company's capital base and potentially enhance shareholder value.