Pursuant to regulation 30 & 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations 2015, IND Renewable Energy has informed that the Board of Directors of the Company at their meeting held today, June 14, 2023 have, in principle, considered and approved the proposal to raise the fund up to Rs 26,00,00,000 by way of Right issue. The terms of the issue will be decided by the board later. This is in modification of earlier communication dated 22.03.2023 where it had conveyed the proposal approved by the board to raise the fund up to Rs 15,00,00,000. Board Meeting commenced at 3.15 PM and concluded at 3:45 PM.
The above information is a part of company’s filings submitted to BSE.