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Devinsu Trading Greenlights Preferential Share Issue at Rs 350 Each

Updated: July 09, 2025 16:35

Image Source: On Demand International
Devinsu Trading Ltd has announced a strategic equity infusion through a preferential allotment of 130,000 equity shares priced at Rs 350 apiece, aimed at bolstering its capital base and future growth initiatives.
 
Key Highlights:
  • The board approved the issuance under Sections 42 and 62 of the Companies Act, 2013, and SEBI’s ICDR Regulations, 2018.
  • The move is expected to raise Rs 4.55 crore, enhancing liquidity and enabling expansion opportunities.
Board Decisions:
  • The proposal was finalized during the board meeting held on July 9, 2025.
  • The board also approved the Directors’ Report for FY 2024–25 and scheduled the 40th Annual General Meeting.
  • Ms. Deepa Rupesh Bhavsar was recommended for reappointment as director, retiring by rotation.
Shareholder Engagement:
The company will conduct evoting for AGM resolutions and has appointed a scrutinizer to oversee the process.
 
Sources: BlinkX, Moneycontrol, IndiaInfoline.

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