Gujarat Investa Ltd — Important, 09-03-2026: Company Update

Ashtasidhhi Industries' Board has decided to withdraw and cancel its previously approved proposal for a preferential issue. The original plan, approved on 13th February, involved issuing up to 2 Cr warrants, each convertible into one equity share of face value Rs. 10, to certain promoters, promoter group, and non-promoter investors. The company cited current market conditions and internal financial planning as reasons for not proceeding at this stage, signaling a shift in its capital raising strategy and potentially impacting future shareholding dilution for investors.