Swadeshi Industries & Leasing Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/04/2025 ,inter alia, to consider and approve 1. To discuss ....
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The company's board is scheduled to meet on April 17, 2025 to consider several corporate actions: alteration of the Articles of Association, an increase in Authorized Share Capital with corresponding changes to the Capital Clause of MOA and AOA, raising funds through a preferential issue or private placement of securities (including deciding the issue price), and taking unsecured loans from promoters and directors that may later be converted into equity shares. All these items are subject to shareholder approval. The trading window for dealing in the company's shares has been closed since April 1, 2025, and will reopen 48 hours after the audited financial results for the quarter and year ended March 31, 2025 are announced.
This is only a pre-announcement — no decisions have been taken yet. If approved, the planned capital increase and new securities issuance could dilute existing shareholders. The proposed promoter loan-to-equity conversion signals promoter commitment but would also add to the equity base upon conversion.