Praveg Ltd — Important, 22-07-2026: Company Update

The company's Board approved converting an unsecured inter-corporate loan from Jhaveri Credits and Capital Limited into 8.34 lakh equity shares at Rs. 275 each, valued at approximately Rs. 22.93 Cr. Additionally, 11 lakh convertible warrants, priced at Rs. 275 each (approximately Rs. 30.25 Cr), will be issued to promoter group members, convertible into equity shares within 18 months. These actions, aimed at strengthening the capital base and providing financial flexibility for growth, await shareholder approval at an Extra Ordinary General Meeting scheduled for August 21, 2026.