Ratnaveer Precision Engineering Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 06, 2025 with respect to raising of fund up to Rs.211 crore by way of issue of securities with permissible mode and Increase in Authorised Share Capital
RATNAVEER · price
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The Board of Ratnaveer Precision Engineering met on June 6, 2025, and approved raising funds of up to Rs. 211 crore plus a 25% green shoe option through various modes including QIP, Preferential Issue, Rights Issue, Private Placement, FPO, GDR, FCCB, Bonds, or Debentures. The company also approved increasing its Authorised Share Capital from Rs. 65 crore to Rs. 85 crore and amending its MOA to add a new object clause for lending and advancing money. An Extra Ordinary General Meeting has been scheduled for July 4, 2025, to seek shareholder approval for these proposals. The mode of issuance, pricing, and number of securities are yet to be decided by the Board or its committee at the appropriate time.
This is a significant dilution risk for existing shareholders, as the company is preparing to raise up to Rs. 211 crore (plus 25% green shoe) in equity-linked securities. The stock may face short-term pressure once the mode and pricing are finalised, though the long-term impact depends on the use of proceeds and valuation at which securities are issued.