Reliable Data Services Board Approves ₹200 Crore Fund Raise Proposal

Board approved proposal to raise up to 200 Cr via preferential/QIP/rights or other modes for new projects, expansion and working capital, subject to approvals. Approved postal ballot notice. Large relative to revenue scale and novel for the company with no recent large raise; signals shift toward external funding for growth and working capital needs. Mode, price, dilution, timelines and project split undisclosed; needs postal ballot and regulatory nods. Raises dilution and execution questions amid past promoter selling.