Addendum to the outcome of the Board Meeting held on 07th April,2025
Awaiting price reaction for this filing.
Dugar Housing Developments has issued an addendum to its April 7, 2025 board meeting outcome, clarifying that the Board has approved the issue and allotment of Equity Shares and Convertible Warrants at Rs. 12 per share/warrant to proposed allottees. The issuance will be carried out as a Preferential Issue under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The document is signed by Director Ulhas Narayan Deosthale. Note: The filing is attributed to Dugar Housing Developments, not Axentra Corp Ltd as indicated in the source metadata.
This is a preferential allotment that may lead to dilution of existing shareholders. The pricing and identity of allottees will determine whether this is positive or negative for current investors; details on the allottees and their relationship to the company were not provided in this addendum.