Electrosteel Castings is planning to raise funds upto an aggregate amount of Rs 115 crore by way of issue of warrants/any other securities, through preferential issue on a private placement basis or any other methods or combination thereof, subject to approval from the shareholders and sanctions/approvals from the other regulatory/ governmental authorities, as may be required. A Meeting of the Board of Directors of the Company is scheduled to be held on November 11, 2022, inter alia, to consider and approve the same.
Electrosteel Castings (ECL), incorporated in 1955, is engaged manufacturing solutions for water supply and sewerage systems.
