With reference to the captioned subject, we wish to inform you that the Board of Directors of the company in its meeting held on Friday, 11th day of April, 2025 has discussed, considered ....
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Awaiting price reaction for this filing.
The Board of Directors of Desh Rakshak Aushdhalaya Limited met on April 11, 2025 and approved several items. The most notable decision is a proposal to raise up to Rs. 3 Crore through a preferential issue or private placement of equity shares, subject to shareholder and regulatory approvals. The Board also approved the appointment of Mrs. Bhumika Parwani, a Chartered Accountant, as the internal auditor for FY 2025-26 along with her remuneration. Related party transactions under Section 188(1) of the Companies Act, 2013 were approved. Directors' disclosures of interest (Form MBP-1) and the independent director's declaration of independence were taken on record. Additionally, the trading window has been closed from April 1, 2025 until 48 hours after the audited financial results for Q4 and FY ended March 31, 2025 are declared.
The proposed Rs. 3 Crore equity fundraise through a preferential issue will dilute existing shareholders, with the extent depending on the issue price; the stock may react once pricing details are disclosed. The trading window closure signals that the company's audited Q4 and FY25 results are imminent, which could be the next catalyst for price movement.