Divine Power Energy Limited — Others, 30-05-2025: Shareholders meeting

Divine Power Energy Limited has announced a board meeting to approve a preferential issue of up to 12 lakh equity shares at Rs. 136 each, raising Rs. 16.32 Cr from strategic investor Jitendra U. Mamtora, founder and Chairman of Transformers and Rectifiers (India) Limited, who will hold 4.8% post-issue. The funds will support long-term working capital and general corporate needs. The company also plans to amend its Memorandum of Association to enable providing loans, guarantees, or securities, boosting its financial flexibility and investment options.