Vellora Impact's Board has greenlit a plan to raise up to Rs. 70 Crore through a rights issue to existing shareholders, a move set to boost the company's capital.

To facilitate this, the board also approved increasing the authorized share capital from Rs. 7.5 Crore to Rs. 77.5 Crore, subject to shareholder approval via postal ballot.

Additionally, several individuals and a HUF, who have sold their shareholding, were approved for reclassification from the promoter to the public shareholder category, pending stock exchange approval.

Some reclassifications also account for promoters who have passed away or had their entities struck off.