Shakti Press Limited has scheduled its Board of Directors meeting on January 6, 2025, to evaluate a proposal for raising funds through various equity instruments, including qualified institutional placement, preferential allotment, or rights issue. The company has also declared a trading window closure ahead of the meeting.
Shakti Press Limited has announced that its Board of Directors will convene on Tuesday, January 6, 2025, at the company’s registered office to deliberate on potential fundraising avenues. The proposed move aims to bolster the company’s financial position and support future business growth initiatives.
As per the company’s exchange filing, the Board will consider multiple modes of fundraising such as issue of securities via qualified institutional placement (QIP), private placement, preferential allotment, or rights issue, either singly or in combination, subject to requisite regulatory and shareholder approvals.
Key Updates
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The board meeting is scheduled for January 6, 2025, at the registered office.
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Fundraising plans may include QIP, preferential issue, private placement, or rights issue.
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Implementation will depend on statutory and regulatory clearances.
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Trading window remains closed from January 4, 2026, until 48 hours post the outcome announcement.
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Any other business matter may also be discussed with the Chair’s permission.
Source: BSE Corporate Announcement