Himatsingka Seide has informed that the Board at its meeting held on January 25, 2024, has approved the following: Raising of funds by way of issuance of Equity Shares or any other eligible securities or a combination thereof ('Securities'), in one or more tranches for an aggregate amount not exceeding INR 400 Crores, by way of one or more Qualified Institutions Placement ('QIP'), subject to approval of the shareholders; Increase in Authorized Share Capital of the Company, subject to approval of the shareholders; Alteration in Capital Clause of the Memorandum of Association; Appointment of Ravi Kumar (DIN: 02362615) as an Additional Independent Director; Investment of an amount upto Rs. 16.45 crores in the equity share capital.
The above information is a part of company’s filings submitted to BSE.
