Chandni Machines Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2025 ,inter alia, to consider and approve raising of funds through Preferential ....
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Chandni Machines Ltd has informed BSE that its Board of Directors will meet on Thursday, October 30, 2025, to consider and approve a proposal for raising funds. The fund raising may be done through a Preferential Issue and/or a Qualified Institutions Placement (QIP) of equity shares and/or convertible securities, subject to regulatory approvals under SEBI ICDR Regulations 2018 and the Companies Act 2013. The Board will also consider calling an Extraordinary General Meeting (EGM) to seek shareholder approval for the fund raising. The company is based in Mumbai and has a Scrip Code of 542627 on BSE.
This is only an intimation of a proposed board meeting; no fund raising has been confirmed yet. If approved, it could lead to equity dilution for existing shareholders and potentially pressure the stock price depending on the issue price and size.