Pramara Promotions Limited — Others, 25-06-2025: Shareholders meeting

Pramara Promotions Ltd. has announced a board meeting on July 17, 2025, to consider increasing its authorised share capital from Rs. 12.5 Cr to Rs. 15 Cr. The company plans a preferential issue of up to 24.56 lakh equity shares and 5 lakh equity warrants at Rs. 169 each, aiming to raise approximately Rs. 50 Cr. These funds will be deployed for land acquisition (Rs. 10 Cr), working capital (Rs. 30 Cr), and corporate/general purposes (around Rs. 10 Cr). The allotment is directed solely to identified non-promoter investors, with no change in control expected. Additionally, Mr. Aditya Vikrambhai Patel is proposed for appointment as an independent director for five years.