The board meeting outcome held on 29th August, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Fruition Venture Ltd approved a preferential issue of up to 25 lakh convertible warrants at Rs. 20 each (including Rs. 10 premium), aiming to raise up to Rs. 5 crore from promoters and non-promoter allottees. Promoters Krishan Kumar Aggarwal and Nitin Aggarwal will each subscribe to 6 lakh warrants, while 18 non-promoter allottees will take the remaining 13 lakh warrants, with 25% payable upfront and 75% on conversion within 18 months. The board also approved related party transactions, loans, and investments under Sections 185, 186, and 188 of the Companies Act, all subject to shareholder approval. The 31st Annual General Meeting (AGM) is scheduled for September 30, 2025, via video conferencing, with remote e-voting from September 27 to September 24, 2025. Director Krishan Kumar Aggarwal, brother of Managing Director Nitin Aggarwal, will be re-appointed at the AGM as he retires by rotation.
This is a small capital raise of Rs. 5 crore that will dilute existing shareholders, with promoter Krishan Kumar Aggarwal's stake dropping from 36.59% to 31.75% post-conversion. The Rs. 20 warrant price will act as a near-term valuation benchmark for the stock. Investors should watch the September 30 AGM, where shareholder approval is required for the preferential issue and related party transactions.