The Board of Directors discussed and approved the following: 1. Subject to the approval of shareholders and / or other requisite regulatory / statutory approvals, raising funds by way ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Longspur International Ventures Ltd announced that its Board of Directors, at a meeting held on 23rd February 2026, approved raising funds of up to Rs. 20 crores. The funds will be raised through permissible modes such as equity shares, warrants, convertible securities, qualified institutions placement (QIP), rights issue, preferential allotment, further public offer, or a combination thereof, in one or more tranches, from both promoters and non-promoters. The proposal is subject to shareholder and regulatory approvals. Additionally, the Board recommended altering the Object Clause of the Memorandum of Association, also subject to shareholder approval. The meeting concluded at 3:15 P.M.
This is a relatively small fund raise (up to Rs. 20 crores) for the company, which could lead to dilution for existing shareholders depending on the mode and pricing eventually chosen. The MOA alteration suggests the company may be diversifying or expanding its business activities. Shareholders should watch for further details on pricing, mode, and purpose of the fund raise.