Emerald Leisures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/10/2025 ,inter alia, to consider and approve Pursuant to Regulation 29 ....
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The Board of Directors of Emerald Leisures Ltd will meet on October 10, 2025, primarily to consider and approve a proposal for raising funds through various means, including issue of equity shares, warrants convertible into equity shares, convertible preference shares, fully or partly convertible debentures, or a composite issue of non-convertible debentures with warrants. The fund-raising may be executed through private placement (including Qualified Institutions Placements), further public issue, preferential issue, rights issue, or any combination thereof, subject to shareholder and regulatory approvals. Additionally, the Board will reconstitute its committees following changes in independent directors. An Extraordinary General Meeting has been scheduled for November 3, 2025, to seek shareholder consent for the fund-raising, and Ms. Zankhana Bhansali has been appointed as Scrutinizer for the EGM.
This is a preliminary intimation and no specific capital raise amount, pricing, or instrument has been finalised yet. Shareholders should watch for further details on the quantum, pricing, and structure of the proposed fund raise, which could lead to dilution depending on the instrument ultimately approved.