Authum Investment & Infrastructure Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2025 ,inter alia, to consider and approve The meeting ....
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Authum Investment & Infrastructure Ltd has informed the stock exchanges that its Board of Directors will meet on Thursday, October 16, 2025. The main item on the agenda is to consider and approve a proposal to issue Non-Convertible Redeemable Preference Shares (NCRPS) on a private placement basis. The final terms and quantum will be decided at the meeting, and the issuance is subject to shareholders' approval. The company has not disclosed the size of the issue, the coupon rate, or identity of investors in this filing. Any additional items may be taken up with the Chairman's permission.
The proposed NCRPS issuance could raise fresh capital for the company but will also create a fixed dividend obligation and redemption liability. The dilution impact on existing equity shareholders is expected to be limited since these are preference shares, though terms like coupon rate and tenure will be crucial once disclosed.