- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The company's board has approved a significant capital restructuring and key operational changes. It plans to increase its authorized share capital from ₹2.25 Cr to ₹10,000 Cr, enabling a substantial preferential issue. Over 591 Cr new equity shares will be issued at ₹1.42 each to six non-promoter investors, converting existing unsecured loans into equity. This ₹840 Cr transaction aims to strengthen the balance sheet. All capital actions are subject to shareholder approval. Additionally, the board appointed a new Executive Director and an Internal Auditor, while acknowledging the resignation of the Statutory Auditors. These steps signal a strategic financial re-alignment and governance updates.