RACL Geartech Limited — Board Meeting, 23-05-2025: Outcome of Board Meeting

RACL Geartech has announced a board meeting approving a preferential allotment of 10.06 lakh shares at around Rs. 795 each, raising Rs. 80 Cr from institutional investors like Malabar India Fund, India Acorn Fund, Ashoka India Equity Investment Trust, and Aniruddha Narayan Malpani. Post-issue, Malabar’s stake increases to 5.87%, and Aniruddha Malpani’s to 2.94%. This capital raise is expected to bolster the company’s financial strength and fuel growth initiatives.