Standard Capital Markets Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/06/2025 ,inter alia, to consider and approve With reference to ....
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Standard Capital Markets Ltd has informed BSE that its Board of Directors will meet on Saturday, June 21, 2025, to consider and approve a proposal for raising funds. The funds may be raised through the issuance of equity shares or convertible securities, via a Preferential Issue, Rights Issue, Qualified Institutional Placement (QIP), or any other permissible mode. The issue could be made to the Promoter & Promoter Group as well as the Public Category. The Board will also decide on the price and other modalities of the proposed issue. The trading window for designated persons and their immediate relatives has been closed from the date of this intimation until 48 hours after the Board Meeting concludes.
This is a pre-announcement with no concrete details yet. If the Board approves a fund-raise, existing shareholders may face equity dilution depending on the size and mode of issuance. Investors should watch for the outcome on June 21 for clarity on quantum, price, and recipient categories.