Devinsu Trading Ltd — Updates, 10-07-2025: Company Update

Devinsu Trading Limited has announced a board meeting to consider and approve the financial results for the quarter and half-year. The company will hold its 40th Annual General Meeting at its registered office to approve the audited financial statements for FY 2024-25 and reappoint Ms. Deepa Bhavsar as a director. The company proposes to reclassify its authorized share capital by converting 50,000 Redeemable Preference Shares into 5,00,000 Equity Shares, maintaining the total capital at Rs. 1 crore. It also plans a preferential allotment of 1,30,000 equity shares at Rs. 350 each, raising Rs. 4.55 Cr to meet long-term funding needs. This includes 80,000 shares to Mr. Deniis Desai, who is acquiring 18.3% stake via a share purchase agreement and will gain control post open offer, becoming the new promoter. The preferential issue aims to support growth and facilitate this change in management. The issue price is based on an independent valuation, and shares will be locked in as per regulations. The board and independent directors consider the pricing fair and reasonable.