The company has announced a board meeting on which approved a preferential allotment of 65.5 lakh equity shares at Rs. 30 each, raising Rs. 19.65 Cr.

Post-allotment, the paid-up equity capital increases to Rs. 11.81 Cr from 1.18 crore shares of Rs. 10 face value.

The shares were allotted to 56 investors including promoter group members and the public, reflecting capital infusion to support growth or operations.

This equity raise improves the company’s financial flexibility and signals confidence from existing and new investors.