Ratnaveer Precision Engineering Limited has informed the Exchange about Raising of funds
RATNAVEER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ratnaveer Precision Engineering Limited's board has approved raising funds up to Rs. 330 Crores through various instruments including QIP, preferential issue, rights issue, bonds, FPO, GDR, or FCCB. The company also approved increasing authorised share capital from Rs. 85 Crores to Rs. 113 Crores (with the actual clause showing Rs. 110 Crores), requiring shareholder approval. An EGM is scheduled for May 30, 2026 to seek shareholder nod for these proposals. Additionally, Mrs. Seema Vijay Sanghavi, wife of Managing Director Mr. Vijay Sanghavi, has been appointed as Additional Director designated as Executive Director for 5 years.
The large fundraise plan of Rs. 330 Crores could be dilutive to existing shareholders depending on the mode chosen. Shareholders should await details on pricing and use of proceeds. The appointment of a related party (wife of MD) as Executive Director may attract scrutiny.