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Expo Gas Containers Limited has announced a board meeting outcome approving a fund raise of up to Rs. 22.02 Cr via issuance of 36.7 lakh fully convertible warrants at Rs. 60 each on a preferential basis to promoter and non-promoter investors through private placement. The company will receive 25% of the warrant price upfront, with the balance payable upon conversion to equity shares of Rs. 4 face value each. The warrants have an 18-month validity. An Extraordinary General Meeting will seek shareholder approval. This capital raise aims to strengthen the company’s financial position and support growth plans.