Visaman Global Sales Limited — Board Meeting, 16-07-2025: Outcome of Board Meeting

Visaman Global Sales has announced the outcome of its board meeting, revealing key fundraising plans. The board approved doubling the Authorised Share Capital from Rs 15 Cr to Rs 30 Cr. They plan a preferential issue of 55.74 lakh equity shares at Rs 60 each, raising Rs 33.44 Cr from non-promoters. Additionally, 42 lakh warrants will be issued to promoters at Rs 60 each, aiming to raise Rs 25.20 Cr, with 25% payable upfront. These proposals will be put to shareholder approval at an Extraordinary General Meeting on August 14, 2025.