I-Power Solutions India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/06/2025 ,inter alia, to consider and approve (1) Allotment of 16,00,000 ....
Awaiting price reaction for this filing.
I-Power Solutions India Ltd has informed BSE that its Board of Directors will meet on Thursday, 12 June 2025. The main agenda item is to consider and approve the allotment of 16,00,000 (sixteen lakh) equity shares on a preferential basis to certain identified non-promoter persons. The company has not disclosed the issue price or the names of the allottees in this intimation. The filing is made in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations.
This is a dilution event for existing shareholders as 16 lakh new shares will be issued to non-promoter parties, increasing the total share count. The actual impact on stock price will depend on the issue price and identity of the allottees, which are expected to be disclosed in the next filing after the board meeting.