
Board Meeting9 Mar 2026, 06:41 pm
Gujarat Investa Ltd Cancels Preferential Issue of 20 Lakh Warrants Due to Current Market Conditions
AI Summary
Gujarat Investa Ltd announced the outcome of its Board Meeting held on Monday, 9th March, 2026. The Board decided to withdraw and cancel the proposal for the preferential issue of up to 20,00,000 (Twenty Lakhs) Warrants to certain Promoters, Promoter Group and Non-Promoter Investors. The decision was made in light of current market conditions and internal financial planning, leading to the withdrawal of the proposed preferential issue. The meeting took place from 05:00 PM to 06:00 PM.
Key Highlights
- Gujarat Investa Ltd decided to withdraw and cancel the preferential issue of 20,00,000 (Twenty Lakhs) Warrants
- The decision was made due to current market conditions and internal financial planning
- The proposal was initially approved by the Board on 13th February, 2026
- The proposal withdrawal affects Promoters, Promoter Group and Non-Promoter Investors
- The Board Meeting took place from 05:00 PM to 06:00 PM on 9th March, 2026
Price Impact
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