Royal India Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2025 ,inter alia, to consider and approve With regard to captioned ....
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Royal India Corporation Ltd has informed BSE that its Board of Directors will meet on 30th October 2025 to consider and approve raising funds through the issue of securities, specifically warrants convertible into equity shares and/or equity shares on a preferential basis, under Chapter V of SEBI (ICDR) Regulations, 2018. The proposal is subject to applicable laws, regulatory approvals, and shareholder approval. The company has not disclosed the issue size, price, or identities of proposed allottees in this intimation.
This is a fund-raising announcement which, if approved, will lead to dilution of existing shareholders through the issuance of new equity shares and warrants. Investors should watch for the follow-up disclosure with pricing details and allotment size, as preferential allotments are often done at a discount to market price.