Dhruva Capital to raise up to ₹160 Cr, increases authorized capital

Dhruva Capital Services Ltd announced that its Board of Directors has approved a significant increase in the company's authorized share capital from Rs. 15 Crores to Rs. 27 Crores. Additionally, the Board greenlit a fund-raising plan to raise up to Rs. 160 Crores through various issuance methods, including QIP, preferential allotment, or rights issue, subject to shareholder and regulatory approvals. The company also approved the notice for an Extra-Ordinary General Meeting to seek shareholder consent for the fund-raising proposal. Furthermore, Dhruva Capital will be changing its corporate office within Kolkata and has initiated the process to shift its registered office to Jaipur.