D.P. Abhushan Approves Preferential Issue of Shares & Warrants

D. P. Abhushan Limited's Board of Directors has approved a preferential issue of up to 8,66,434 equity shares at ₹1,430 per share, raising up to ₹1,239 crore. Additionally, the board approved the issue of up to 30,35,711 equity warrants convertible into equity shares, at ₹1,430 per warrant, for a total of up to ₹4,341 crore. These issuances are subject to regulatory and shareholder approvals. The company also appointed NSDL as the Remote E-Voting Agency and M/s. Prasad & Partners LLP as Scrutinizer for the upcoming Extraordinary General Meeting.