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Board approved converting Rs7.2 Cr Optimus Finance promoter loan into 48 lakh shares at Rs15 each, subject to approvals. Authorised MD/CFO to buy land near Vadodara for export plant. Fresh promoter-linked dilution after earlier preferential funding, easing debt but raising RPT overhang. First own domestic export base beyond UAE-Kenya plants and Quebec associate route. Reduces interest burden but dilutes minorities; conversion pricing basis, post-issue holding, land cost, project size and funding not disclosed. Needs BSE in-principle and other approvals.
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