Growington Ventures India Ltd — Board Meeting, 23-04-2025: Board Meeting

Growington Ventures India Ltd has announced a board meeting outcome detailing a rights issue of 49.75 crore fully paid-up equity shares at an issue price of ₹1 per share, aiming to raise ₹49.75 crore. The record date for determining eligible shareholders is set for April 29, with the rights issue opening on May 14 and closing on May 24. The rights entitlement is 3 equity shares for every 1 held by eligible shareholders. This initiative could enhance the company’s capital base, potentially improving liquidity and funding for future growth, which may foster a positive outlook among investors amidst the expanded share base.