Himatsingka Seide board approves INR 500 crore securities issuance
Himatsingka Seide Limited announced on October 23, 2025, that its board of directors approved the issuance of equity shares and/or other eligible securities to raise up to INR 500 crores. This decision follows an earlier intimation on September 2, 2025, regarding a proposal to raise funds through permissible modes, subject to regulatory approvals.
The issuance will utilize permissible modes as determined by the board and applicable laws. The board will decide the specific terms of the issuance, including the type of security, pricing, and timing, at a later date, with further disclosures to be made as decisions are finalized.
The board meeting, held today, October 23, 2025, commenced at 7:30 p.m. and concluded at 7:55 p.m. The company communicated this outcome to both BSE Limited and the National Stock Exchange of India Limited.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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