Clara Industries Ltd — Board Meeting, 01-05-2025: Board Meeting

Clara Industries has announced a board meeting to approve raising up to Rs. 26.88 Cr through preferential issuance of fully convertible warrants and equity shares priced at Rs. 25 each. This fundraise targets both Promoter/Promoter Group and Non-Promoter public investors to support business growth. To accommodate this, the company will increase its authorized share capital to Rs. 35 Cr. A Fund Raising Committee has been constituted to oversee the process. Shareholder approval will be sought via postal ballot for the proposed capital increase and allotment. This move notably strengthens Clara’s financial resources for expansion.