With reference to the captioned subject, we wish to inform you that the Board of Directors of the company in its meeting held on Monday, 05th day of May, 2025 has discussed, considered ....
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The Board of Directors of Desh Rakshak Aushdhalaya Ltd, an Ayurvedic and herbal products company based in Haridwar, met on May 5, 2025 and approved a preferential issue of 12,60,000 equity shares at Rs. 22 per share (face value Rs. 10, premium Rs. 12), aiming to raise approximately Rs. 2.77 crore through private placement. The Board appointed Mr. Arpit Baslas as Registered Valuer for pricing the shares and approved opening a dedicated bank account to receive the funds. An Extra-Ordinary General Meeting (EGM) has been scheduled for May 29, 2025 at the company's Haridwar office to seek shareholder approval, with May 22, 2025 fixed as the record date for voting eligibility. NSDL has been appointed to provide remote e-voting facility, and Mr. Ramesh Chandra Sharma has been appointed as Scrutinizer for the EGM process.
Existing shareholders may face dilution of their holdings as new shares will be issued, though the issue price of Rs. 22 carries a premium of Rs. 12 over face value. The stock is likely to see short-term pressure due to the preferential allotment and ongoing closed trading window, which will remain shut until 48 hours after Q4 FY25 results are declared.