Ushanti Colour Chem Limited — Others, 15-05-2025: Shareholders meeting

Ushanti Colour Chem Limited has announced an Extra Ordinary General Meeting where shareholders approved issuing up to 29.78 lakh convertible equity warrants at INR 68 each, raising approximately INR 20.25 Cr. These warrants, convertible into equity shares on a preferential basis, aim to raise capital from both promoters and non-promoters. The move is part of the company’s strategy to bolster growth and support operational funding. Voting transparency was ensured through remote e-voting and ballot papers monitored by a scrutinizer.