Devinsu Trading Mulls Capital Raise via Securities Issue—Board to Weigh Strategic Funding Options

Devinsu Trading Ltd has announced that its board will soon convene to consider issuing securities to raise capital, as part of its ongoing efforts to strengthen its financial position and explore new growth avenues. While the company has not disclosed the exact instrument—whether equity, convertible securities, or debt—the move signals a potential shift in capital structure to support future expansion or acquisitions.

 

The decision comes amid a series of corporate developments, including a recent change in registered office, the resignation of its CFO, and disclosures under SEBI’s SAST regulations related to shareholding changes. These actions suggest a broader strategic realignment, possibly involving new promoters or business verticals.

 

The proposed capital raise will be subject to regulatory approvals and shareholder consent, with further details expected post the upcoming board meeting. Market watchers are keeping a close eye on the outcome, given the company’s historically low trading volumes and limited public float.

 

Key Highlights:

Source: Economic Times – Devinsu Trading Announcements