Pramara Promotions Limited — Board Meeting, 19-06-2025: Outcome of Board Meeting

Pramara Promotions Ltd. has announced a board meeting on which it approved a fundraising plan through a preferential issue of up to 24,56,000 equity shares and 5,00,000 fully convertible warrants at Rs. 169 each, targeting non-promoter investors to raise around Rs. 41.51 Cr and Rs. 8.45 Cr respectively. The authorized share capital will be increased from Rs. 12.5 Cr to Rs. 15 Cr, subject to shareholder approval. An Extraordinary General Meeting is scheduled to finalize these proposals. The issue has attracted 189 investors, with the upfront warrant payment set at 25% of the issue price.