Ganga Forging Approves Up To ₹50 Crore Equity Fund Raise

Board approved fund raising of up to Rs 50 cr via equity shares/convertibles through FPO, rights, preferential, QIP or other modes, subject to shareholder and regulatory approvals. First fresh equity-raise decision since prior warrant round; material for small debt-funded forging maker facing working-capital strain and ongoing capex build. Mode, pricing, dilution and use of proceeds undecided and to be set later; needs shareholder and regulatory nods; whether funds ease working capital or fund capex unclear.