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- Important
- Financial Update
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The company's board has approved significant corporate actions. It will seek shareholder approval to increase its authorized share capital from Rs. 7.50 Cr to Rs. 17.50 Cr, enabling future growth. Additionally, the board approved a preferential issue of up to 2 Cr convertible warrants at Rs. 25 each, aiming to raise up to Rs. 50 Cr. This move will infuse capital, supporting business expansion. The board also appointed a new independent director, Mr. Navin Kumar Jain, while noting Mrs. Sonu Agarwal's resignation. An Annual General Meeting will be held for shareholder approvals, and a Loan Against Property policy was adopted to streamline lending operations.