ALPHA TRIBE

Shelter Pharma LtdOthers, 24-07-2025: AGM/EGM

24-07-2025 | 11:19 am

Shelter Pharma Limited shareholders have approved a special resolution at the Extra Ordinary General Meeting for a significant capital raise. The company will issue up to 9.102 million Convertible Equity Share Warrants at INR 42.25 each, totalling approximately INR 38.46 crore. This private placement to promoters and other investors aims to bolster the company's financial position for future growth. While potentially diluting existing shares upon conversion, it secures funding for operational expansion.

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