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Board approved preferential issue of 3,61,620 shares at Rs 415 to raise Rs 15.0 Cr to Aniruddha Malpani and Solidarity Micro Cap AIF, subject to EGM approvals. Revives previously postponed preferential route after IPO proceeds fully used, amid inventory-heavy execution and weak cash flow. Both allottees already hold shares, raising public stake. Provides fresh equity with modest dilution; use of proceeds, EGM date and lock-in undisclosed. Watch API commissioning and OCF recovery.
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