Kilitch Drugs (India) Limited — Board Meeting, 02-07-2025: Outcome of Board Meeting

Kilitch Drugs has announced a board meeting on which it approved a rights issue to raise up to Rs. 50 Cr by issuing equity shares. The funds will support capital expenditure for a new greenfield project in Pen, Maharashtra, along with general corporate purposes and related expenses. They have authorized the draft letter of offer and will soon seek in-principle approval for the issue. This move aims to strengthen the company’s capacity and fund expansion plans. Retail investors should watch for the record date and further details on the subscription process.