Citichem India Ltd — Important, 01-10-2025: Company Update

CITICHEM INDIA's members have approved a significant capital restructuring. The company's Authorized Share Capital will increase from INR 7.5 Cr to INR 12.5 Cr. Additionally, members approved a preferential issue of up to 4,700,000 warrants to promoters and others. Each warrant is convertible into one equity share of face value INR 10/- at a price of INR 28/- per warrant, aggregating to INR 13.16 Cr. This move aims to raise capital, potentially strengthening the company's financial position, though it could lead to some share dilution upon conversion. These approvals are subject to necessary clearances.