Gujarat Hy-Spin Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/09/2025 ,inter alia, to consider and approve Pursuant to Regulation 29(1)(d) ....
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Awaiting price reaction for this filing.
Gujarat Hy-Spin Ltd has informed BSE that its Board of Directors will meet on September 11, 2025 to consider and approve a proposal to raise funds through a preferential issue of equity shares and/or other securities. The company will seek shareholder approval via an extraordinary general meeting or postal ballot process. The issue will be carried out under the Companies Act 2013, SEBI Listing Regulations, and SEBI (ICDR) Regulations 2018, subject to necessary regulatory approvals. The company is listed on the BSE SME platform (Script Code: 540938). No pricing details, number of shares, or identity of proposed allottees have been disclosed yet.
For shareholders, this signals potential dilution if the preferential issue goes through. The stock may see some volatility ahead of the board meeting on September 11, 2025 as the market awaits details on the issue size and pricing.