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Board approved preferential issue of up to 1.5 Cr shares at Rs 16 each, raising up to Rs 24 Cr; includes 1.15 Cr shares to promoters and 35 lakh to non-promoters. Proposed MOA expansion into roads, infrastructure projects and AAC building materials; issue and object changes require shareholder and other approvals. The issue could materially dilute existing shareholders; use of proceeds, post-issue ownership and execution timelines were not disclosed.
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