Gujarat Inject Proposes Rs3 Crore Preferential Issue Of 3 Crore Warrants

Board approved hike in authorised capital to Rs17.63 Cr from Rs15 Cr and preferential issue of 3 Cr equity warrants for up to Rs3 Cr to 11 non-promoter investors, subject to EGM approval. First equity raise in recent record; introduces sizeable potential dilution with one partnership firm taking bulk of warrants, shifting asset-light solar trading toward externally funded growth. Issue price to be set per ICDR norms, EGM date and use of proceeds not disclosed; warrants convertible to shares within 18 months; needs shareholder and regulatory approvals.