S. M. Gold Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/05/2025 ,inter alia, to consider and approve a) Considering and Approving preferential ....
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S. M. Gold Ltd has informed BSE that its Board of Directors will meet on May 19, 2025, in Ahmedabad. The main agenda item is considering and approving the preferential allotment of equity shares to allottees, as already approved by shareholders. This follows the Board's earlier decision on February 7, 2025, to raise funds through the issuance of fully paid-up equity shares via a preferential issue. Other agenda items include taking note of directors' disclosures of interest (Form MBP-1) and non-disqualification (Form DIR-8). The trading window for the company's securities remains closed until 48 hours after the announcement of audited financial results for Q4 and FY ending March 31, 2025.
This is a procedural step toward completing a previously approved preferential share issuance, which will dilute existing shareholders but bring fresh capital into the company. The trading window closure suggests financial results are also imminent, so investors should watch for the upcoming audited results announcement.