Swagtam Trading & Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/05/2025 ,inter alia, to consider and approve Intimation of Board Meeting
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Awaiting price reaction for this filing.
Swagtam Trading & Services Ltd has informed BSE that its Board of Directors will meet on Wednesday, May 14, 2025 at 5:00 PM at the registered office in New Delhi. The key agenda item is to approve the allotment of convertible warrants to non-Promoters on a preferential basis. The Board will also constitute an Allotment Committee to oversee the process and may consider any other matter with the Board's permission. This is a standard pre-board intimation filed under SEBI Listing Regulations, with no financial figures disclosed at this stage.
Preferential allotment of convertible warrants to non-Promoters signals potential equity dilution for existing shareholders once the warrants are exercised. Shareholders should watch for the price, quantity, and terms of the warrant issue to be announced after the board meeting.