Newtrac Foods & Beverages Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/09/2025 ,inter alia, to consider and approve 1. To consider ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Newtrac Foods & Beverages Ltd (formerly Markobenz Ventures Limited) has informed BSE that its Board Meeting originally scheduled on 26th September 2025 has been adjourned to 29th September 2025 due to lack of quorum. The original agenda included considering a proposal to raise funds through the issue of new securities, forming a fund-raising committee, and appointing intermediaries for the proposal. The trading window for insiders remains closed until 48 hours after the reconvened meeting concludes. No specifics on the size, mode, or pricing of the proposed fund raise have been disclosed yet.
This is a procedural delay rather than a substantive decision — the board has not approved or rejected anything yet. However, the upcoming meeting may result in a fund-raising announcement that could dilute existing shareholders or bring in new capital, depending on the structure chosen. Shareholders should watch the outcome of the 29th September meeting for clarity on the company's capital-raising plans.