UpdatesCompany Update
Soma Papers has released a revised disclosure correcting clerical errors in its recent board meeting outcome.
Soma Papers & Industries Ltd516038 · Filed with the exchange
The company confirms there are no changes to the core decisions.
The board has approved a preferential issue of up to 4.86 crore equity shares, priced at Rs. 20 per share, to non-promoter investors.
This move aims to raise up to Rs. 97.33 crore.
These new shares will constitute approximately 29.66% of the company's expanded equity base, significantly bolstering its capital structure for future initiatives.
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