Vuenow Infratech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/04/2025 ,inter alia, to consider and approve Pursuant to Regulation 29(1)(f) ....
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Vuenow Infratech Ltd has informed BSE that its Board of Directors will meet on Friday, 25 April 2025. The Board will consider splitting the company's equity shares, with a consequent amendment to the Capital Clause of the Memorandum of Association. It will also consider issuing equity shares to existing shareholders on a rights issue basis. Additionally, the Board may approve an increase in the Authorised Share Capital of the company, subject to shareholder and other necessary approvals. The trading window for the company's securities remains closed as per insider trading regulations.
If approved, the stock split could improve share liquidity and make the stock more affordable for retail investors. A rights issue would provide existing shareholders the opportunity to increase their stake, while a higher Authorised Share Capital gives the company more flexibility to raise funds in the future. Shareholders should watch for the outcome of the 25 April 2025 meeting.