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.

Read the original filing(PDF)

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