Sirca Paints India Limited — Others, 14-07-2025: Shareholders meeting

Sirca Paints India is convening an EGM for a preferential issue of 20.11 lakh equity shares to non-promoter investors at ₹379.50 each. This capital raise, totaling ₹76.32 crore, is earmarked for strategic growth initiatives: ₹35 Cr for new manufacturing capex, ₹6 Cr for expanding distribution & brand promotion, ₹30 Cr for working capital, and ₹5 Cr for general corporate needs. This move should strengthen the company's financial position for future expansion.