Please Find Enclosed Intimation regarding approval of proposal of Preferential Issue in the Extra-Ordinary General Meeting held on 29th day of May, 2025 pursuant to Regulation 30 of the ....
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Desh Rakshak Aushdhalaya Ltd, a Haridwar-based Ayurvedic and herbal products maker (BSE: 531521), held an Extra-Ordinary General Meeting on May 29, 2025, where shareholders approved a preferential issue of 12,60,000 equity shares at Rs. 22 per share (face value Rs. 10, premium of Rs. 12). The company plans to raise around Rs. 2.77 crore through this route. Four non-promoter individuals — Mr. Navneet Chaturvedi, Ms. Ruchika Chaturvedi, Ms. Victoria Rao Pippal, and Ms. Rashmi Kumari — are the proposed allottees. The allotment is still subject to regulatory and statutory approvals.
This is a small equity dilution (roughly Rs. 2.77 crore, around 12.60 lakh fresh shares) to a small group of non-promoter investors. Existing shareholders will see a modest dilution in their holding, and the new shares are being issued at a premium to face value, which is a positive signal about valuation.