Citichem India Ltd — Important, 06-09-2025: Company Update

CITICHEM INDIA LIMITED's board has approved raising funds by issuing up to 4,700,000 warrants, convertible into equity shares, at a price of Rs. 28 each. This preferential allotment to promoters and other investors will raise approximately 13.16 Crore. Each warrant allows conversion into one equity share within 18 months. The board also approved increasing the company's Authorised Share Capital from 7.5 Crore to 12.5 Crore. These decisions are subject to shareholder approval at the upcoming Annual General Meeting. This move aims to strengthen the company's financial position and facilitate future growth.