Silgo Retail Limited — Board Meeting, 22-07-2025: Outcome of Board Meeting

Silgo Retail's board has approved significant moves for growth! The company plans to raise up to Rs. 15.44 Cr by issuing 27.45 lakh equity shares and another Rs. 98.44 Cr from 1.75 Cr convertible warrants, all priced at Rs. 56.25. This aims to fuel their expansion, including a major strategic pivot into the renewable energy sector, like solar power. The board also approved an increase in authorized capital from Rs. 25 Cr to Rs. 45 Cr. These key decisions, along with the annual report for FY25, await shareholder approval at the upcoming AGM on August 20.