Avonmore Capital & Management Services Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Avonmore Capital's board has approved a significant fundraising plan. The company will issue up to 3.77 crore convertible warrants to its Promoter & Promoter Group at Rs. 19.85 per warrant. This preferential issue aims to raise approximately Rs. 74.83 Cr. Each warrant can be converted into one equity share within 18 months, with 25% payable upfront and the remaining 75% on conversion. Shareholder approval for this initiative will be sought at an Extra-Ordinary General Meeting (EGM) scheduled for September 9, 2025.