Board approved revision of unsecured loan details for a ₹6.8 crore preferential equity issue.
Preferential issue involves converting loans into 800,000 equity shares at ₹85 per share.
Post-issue shareholding will see Veerone Limited hold 1.24% and Veer Finance Limited hold 3.45%.
Board ratified all previous actions and decisions taken regarding the receipt of unsecured loans.