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Expo Gas Containers Limited has announced a board meeting to approve a preferential issue of up to 36.7 lakh convertible warrants at Rs. 60 each, aiming to raise Rs. 22.02 Cr. The warrants will be allotted to promoters and select non-promoter investors, with proceeds planned for working capital (Rs. 5.02 Cr), general corporate purposes (Rs. 3 Cr), and debt repayment (Rs. 14 Cr) within 24 months. The company proposes to change its name to Expo Engineering and Projects Limited to reflect its diversified business focus. Additionally, the remuneration of Managing Director Hasanain S. Mewawala is set to increase to Rs. 30 Lacs per annum.