Ushanti Colour Chem Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

Ushanti Colour Chem has announced a board meeting that approved withdrawing and canceling a planned preferential issue of 29.78 lakh convertible equity warrants worth ₹20.25 Cr. Citing weak market sentiment and global uncertainties, the company is focusing on steady growth backed by a healthy order book. Management is now exploring alternative funding routes to support expansion while maintaining financial stability and smooth operations.