Vaswani Industries Limited — Others, 18-06-2025: Shareholders meeting

Vaswani Industries has announced the approval of a special resolution to issue 16 lakh equity shares of Rs. 10 each at Rs. 50 per share via preferential allotment, raising Rs. 8 Cr through private placement. The resolution received overwhelming support with over 99.99% votes in favor, driven mainly by promoters. This capital raise is poised to strengthen the company’s financial position and support future growth initiatives, reflecting strong shareholder backing for the company’s expansion plans.