AVP Infracon Limited — Board Meeting, 02-08-2025: Outcome of Board Meeting

AVP Infracon's Board took key steps to boost capital. They approved a shift in IPO fund usage, moving it from Capital Expenditure to meet Working Capital needs, pending shareholder approval. The company also decided to increase its authorized share capital from Rs. 25 Cr to Rs. 35 Cr. For fundraising, the Board gave a nod to a preferential issue of warrants worth up to Rs. 44 Cr. Additionally, they approved a Qualified Institutions Placement (QIP) to raise up to Rs. 110 Cr. These moves aim to strengthen the company's financial flexibility.