Ushanti Colour Chem Limited — Others, 16-05-2025: Shareholders meeting

Ushanti Colour Chem Limited has announced a shareholders-approved special resolution to issue up to 29.78 lakh convertible equity warrants at INR 68 each, raising INR 20.25 Cr through a private preferential placement. The warrants can be converted into equity shares at the same price. The unanimous shareholder approval reflects strong backing for this capital infusion, which is intended to bolster the company’s capital base and support its growth plans, enhancing financial flexibility for upcoming initiatives.