ALPHA TRIBE

Davin Sons Retail LtdOthers, 18-08-2025: AGM/EGM

18-08-2025 | 05:41 pm

Davin Sons Retail Limited has called an Extra-Ordinary General Meeting for shareholder approval to significantly increase its authorized share capital from ₹6 Cr to ₹10 Cr. This is to facilitate a preferential issue of up to 19.25 lakh equity shares for ₹4.81 Cr to promoters and non-promoters, and up to 11.50 lakh convertible warrants for ₹2.87 Cr to promoters. The total funds of ₹7.68 Cr will support the company's long-term growth needs, including capital expenditures, working capital, and technology investments. This move will alter the company's capital structure and shareholder percentages.

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