ImportantCompany Update
Kinetic Trust's board approved increasing the Authorised Share Capital from ₹5.50 Cr to ₹10 Cr, subject to shareholder consent.
Kinetic Trust Ltd531274 · Filed with the exchange
The company will also raise up to ₹6.60 Cr by issuing 60 lakh convertible warrants at ₹11 each to non-promoter investors via a preferential issue.
This fundraise, pending necessary approvals, aims to bolster the company's financial resources.
Additionally, the Director's report was approved, and arrangements for the upcoming Annual General Meeting were finalized.
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