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

Citichem India's board has approved key funding initiatives. The company plans to raise ₹13.16 Cr by issuing up to 47 lakh warrants at ₹28 each, convertible into equity shares. These will be allotted preferentially to promoters and other investors, strengthening the capital base. The board also approved increasing the authorized share capital from ₹7.50 Cr to ₹12.50 Cr, preparing for future growth. Both significant proposals require shareholder approval at the upcoming 33rd Annual General Meeting, where these strategic changes will be discussed.