Avance Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/04/2025 ,inter alia, to consider and approve 1. Raising of funds by ....
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Avance Technologies Ltd has scheduled a Board meeting on 29th April 2025 at its registered office in Malad, Mumbai. The key item on the agenda is to consider and approve raising of funds through the issue of equity shares, convertible securities, or other securities, potentially via a rights issue, preferential issue, and/or qualified institutions placement (QIP). The funds are intended for expansion and diversification of the company. The decision is subject to receipt of applicable regulatory and shareholder approvals. The company's trading window remains closed for designated persons until 48 hours after the audited financial results for the quarter ended 31st March 2025 are declared.
This is a fund-raising intimation, which may lead to equity dilution for existing shareholders depending on the route finally chosen. Investors should await details on the amount, instrument type, pricing, and purpose specifics once the board outcome is announced on 29th April 2025.