The company's board has approved a substantial capital raise.

This includes increasing authorized capital to Rs. 10 Cr and a preferential allotment of 19.95 lakh equity shares to non-promoters, raising Rs. 51.08 Cr.

Additionally, 15.30 lakh fully convertible warrants will be issued to promoter group, generating Rs. 39.17 Cr upon full conversion.

This move aims to bolster the company's financial position and fund future growth, subject to shareholder approval at an Extra Ordinary General Meeting.