Board approves up to Rs 300 crore fund-raising and capital changes
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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On 19 September 2025, the board approved raising up to Rs 300 crore through public or rights issues, preferential allotment, private placement, institutional placements, or combinations. Equity, warrants and convertible or non-convertible debt securities may be issued, subject to shareholder and regulatory approvals. Authorized capital remains Rs 85 crore but will comprise 8.5 crore equity shares of Rs 10 each.
The raise could fund growth but may dilute shareholders or add repayment obligations. Final pricing, security mix and dilution remain uncertain.