RACL Geartech Limited — Others, 08-05-2025: Shareholders meeting

RACL Geartech Limited has announced the proceedings of its Extra-Ordinary General Meeting conducted via video conferencing, where approval was given for preferential issuance of 830,711 equity shares to qualified institutional buyers and 175,769 shares to non-qualified institutional buyers in the non-promoter category. The capital raise from institutional investors is expected to strengthen the company’s financial position and support its growth plans. Shareholder queries were addressed during the meeting, and voting took place remotely with results to be shared later.