Hoac Foods India Limited — Others, 03-06-2025: Shareholders meeting

HOAC Foods India Limited has announced a board meeting to consider increasing its authorized share capital from Rs. 4 Cr to Rs. 6 Cr by issuing 20 lakh new equity shares of Rs. 10 each. This move aims to enable a fundraise of up to Rs. 10 Cr through equity shares and/or convertible securities via Qualified Institutions Placement (QIP). The raised funds will support working capital needs, up to 25% for general corporate purposes, and loan repayment. The board will finalize all terms and manage the allotment process.