Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations''), we wish to inform you that the Board ....
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Awaiting price reaction for this filing.
The Board of Directors of Newtrac Foods & Beverages Ltd met on September 29, 2025, and approved a proposal to raise funds by issuing new securities. However, the company has not yet disclosed the mode of fundraising (e.g., QIP, rights issue, preferential allotment) or the amount to be raised — these details will be finalised in a subsequent Board or Fund Raising Committee meeting. Additionally, a Fund Raising Committee has been constituted with Mr. Bhavin Yogesh Shukla as Chairman and Mr. Mahendra Kumar Jagdeesh Patel and Mr. Rakesh Kumar Pandey as members. The Board also approved hiring intermediaries, consultants, and advisors for the proposed fundraising.
This is an early-stage, intent-only announcement with no specific amount, pricing, or instrument disclosed, so there is minimal immediate impact on shareholders. It signals potential dilution ahead, and investors should watch for further filings that reveal the fundraising mode, size, and price.