Bannari Amman Spinning Mills Limited — Board Meeting, 30-06-2025: Outcome of Board Meeting

Bannari Amman Spinning Mills has announced a board meeting approving a preferential issue of up to 41.67 lakh convertible warrants to promoter Murugan Enterprise Pvt Ltd at Rs.36 each, raising nearly Rs.15 Cr. Each warrant converts into one equity share within 18 months. The board has also approved a postal ballot process to seek shareholder approval for this fundraise, appointing professionals for e-voting and scrutinizing the process. This infusion aims to strengthen the company’s capital base for growth and expansion.