Safa Systems & Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/06/2025 ,inter alia, to consider and approve 1. Consider and ....
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Safa Systems & Technologies Ltd has informed BSE that its Board of Directors will meet on June 11, 2025 at its registered office in Ernakulam, Kerala. The key items on the agenda are: (1) considering and approving an increase in the company's Authorised Share Capital, and (2) considering and approving the terms of a proposed Rights Issue to existing shareholders, including the letter of offer, record date, issue schedule, and agreements with intermediaries. The meeting may also discuss any other matter with the Chair's permission.
This is a routine advance notice with no price-moving numbers yet. If approved, the rights issue will dilute existing shareholders proportionally but bring fresh capital into the company. Investors should watch for detailed terms (issue price, ratio, size) once announced after the board meeting.