Dhariwalcorp Limited has announced a board meeting to consider the financial results for the quarter and half-year.

The company received in-principal approval from NSE to issue 4.5 lakh equity shares via convertible warrants on a preferential basis to promoter and non-promoter categories.

This capital raise aims to support growth initiatives.

The company is advised to strengthen internal controls around allottee trading to ensure compliance before share issuance.

No financial impact details were disclosed yet.