Board plans ₹30 crore fund raise and promoter change

The board approved raising up to ₹30 crore through 2.45 crore shares at ₹2 each and 12.55 crore warrants at ₹2, each convertible into one share within 18 months. It also approved buying 10,00,463 shares, equal to 24.37% of current paid-up capital, which would make four buyers the new promoters. The authorised capital limit would rise from ₹4.5 crore to ₹16.5 crore. Approvals are pending.