Praveg Limited's board has approved a preferential issue of equity shares and convertible warrants, aiming to raise approximately ₹53.72 Cr.

This strategic move will strengthen the company's capital structure and reduce existing unsecured inter-corporate debt by converting it into equity.

The company will issue 8,33,700 equity shares and 11,00,000 convertible warrants, with warrants allocated to promoter and promoter group members.

This enhanced financial flexibility will support Praveg's long-term growth strategy for its eco-responsible luxury hospitality and events businesses, benefiting shareholders through disciplined expansion.