Shree Marutinandan Tubes Ltd — Board Meeting, 04-06-2025: Board Meeting

Shree Marutinandan Tubes Limited has announced a board meeting on the approval of an alteration in its Articles of Association to include provisions for further issue of capital, aligning with potential fund-raising plans. The company plans to raise up to Rs. 48.99 Cr by issuing 47.57 lakh fully convertible warrants on a preferential basis at Rs. 103 each to promoters and public investors. Twenty-five percent of the issue price will be payable upfront. Shareholder approval will be sought via postal ballot for the issuance and amendments, with the board authorizing relevant officials to conduct the process. This move aims to strengthen the company’s financial resources and support growth.