The company's board has approved the issuance of up to 48,134 new equity shares via a preferential allotment.

These shares, priced at INR 1454.30 each, are being issued as consideration other than cash to two investors (Mr. Ajay Kumar Surana and Mrs. Gayatri Khullar). This issuance is part of the ongoing acquisition of InfrariskSG Pte Ltd, specifically in exchange for 366 equity shares representing 17.34% of Infrarisk's capital.

This move advances the company's strategic acquisition, integrating the fintech firm's capabilities and expanding its business.