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Board approved preferential issue of equity securities up to ₹9 Cr to the promoter, reportedly against loan conversion, subject to shareholder and regulatory approvals; authorized capital to rise from ₹15 Cr to ₹18 Cr. This is the company’s first equity dilution since listing and a shift from its prior internally funded approach; the issue supports promoter loan conversion and increases financing flexibility. Issue price, number of shares, dilution and loan terms were not disclosed. Earlier ₹17 Cr authorized-capital resolution will be withdrawn, subject to shareholder approval.
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