Grovy India Board Approves Share Capital Hike & ₹150 Cr Preferential Issue

Grovy India Limited's Board of Directors has approved a significant increase in authorized share capital from ₹13.5 crore to ₹25 crore. Concurrently, the board sanctioned a preferential issue of up to 41,69,433 equity shares at ₹36 per share, aiming to raise approximately ₹150 crore. These funds will be raised from promoter and promoter group entities, as well as public category investors. The company also approved the draft notice for its 41st Annual General Meeting (AGM) scheduled for July 8, 2026, where shareholders will vote on these proposals. Additionally, a final dividend of 1% (₹0.10 per share) for FY26 was recommended, with July 1, 2026, set as the record date.