Ratnaveer Precision Engineering Limited — Board Meeting, 06-06-2025: Outcome of Board Meeting

Ratnaveer has announced a board meeting where it approved increasing its authorised share capital from Rs. 65 Cr to Rs. 85 Cr, pending shareholder approval. The company widened its business scope to include lending and loan activities (excluding banking). It plans to raise Rs. 211 Cr via equity shares, QIP, preferential issue, bonds, or FPO to fuel growth and strategic plans. An Extraordinary General Meeting will be held in July to seek shareholder consent for these moves.