RACL Geartech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2025 ,inter alia, to consider and approve allotment of equity shares on ....
RACLGEAR · price
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RACL Geartech Ltd has informed BSE that its Board of Directors will meet on Friday, May 23, 2025, to consider and approve the allotment of equity shares on a preferential basis. The shares will be issued to identified allottees belonging to the non-promoter category, as already approved by shareholders. No details on the number of shares, issue price, or identity of the allottees have been disclosed in this intimation. The filing is made under SEBI Listing Regulations, 2015.
Preferential allotment to non-promoters can lead to equity dilution for existing shareholders. Investors should watch for the price at which shares are issued and the identity of the allottees, as this will indicate the dilution impact and whether the capital raise is value-accretive or not.