Board approved preferential issue of 47.17 lakh equity shares at ₹51.50 to 53 non-promoter investors to raise approx. ₹24.30 crore.
Approved acquisition of 51% in Procasts Engineering and 75% in Solven Power Systems for approx. ₹14 crore total consideration.
Recommended regularization of six directors including Vikkas Bansal as Chairman & MD and approved opening a new IT division.