Shalimar Agencies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2025 ,inter alia, to consider and approve 1. Raising of funds by ....
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Spice Lounge Food Works Ltd (formerly Shalimar Agencies Ltd) has informed BSE that its Board of Directors will meet on 30th May 2025 at 4:30 PM. The key agenda item is to consider raising funds by issuing Foreign Currency Convertible Bonds (FCCBs), subject to regulatory approvals. The company will also initiate a general meeting or postal ballot process to seek shareholder approval for this proposal. No specific amount, pricing, or number of bonds has been disclosed in this intimation.
FCCBs are a form of foreign-currency debt that can later be converted into equity shares, which could dilute existing shareholders depending on the conversion price and terms. Investors should watch for further disclosures regarding the size, coupon rate, and conversion terms of the proposed FCCB issuance.