Grovy India Limited's Preferential Issue Committee approved the allotment of 41,69,433 equity shares at Rs. 36 each, raising Rs. 15.01 Cr.

These shares were issued to both promoter and public categories on a preferential basis.

This capital infusion increases the company's paid-up equity share capital to Rs. 17.51 Cr, now comprising 1,75,05,705 shares of Rs. 10 face value.

This move strengthens the company's balance sheet.