Bhandari Hosiery Exports Limited — Board Meeting, 30-04-2025: Outcome of Board Meeting

Bhandari Hosiery Exports Limited has announced a board meeting outcome focused on raising long-term funds via a fresh Rights Issue to enhance working capital and reduce secured bank debts. A dedicated Rights Issue Committee (RIC) has been established, led by the Audit Committee Chairman and including two Independent Directors and one Promoter Executive Director. The CFO and Compliance Officer will assist the RIC in coordinating with professionals and intermediaries. This initiative positions the company for improved financial stability and growth.