Praveg Ltd Approves Equity Shares and Warrants Issuance

Praveg Ltd's Board of Directors has approved the issuance of 8,33,700 equity shares and 11,00,000 convertible warrants on a preferential basis. The equity shares will be issued towards the conversion of an unsecured Inter Corporate Loan from Jhaveri Credits and Capital Limited at an issue price of ₹275 per share. The convertible warrants, also priced at ₹275 per warrant, will be issued to the Promoter and Promoter Group, each convertible into one equity share. The company also approved the draft notice for an Extra Ordinary General Meeting to be held on August 21, 2026, and appointed M/s. ALAP & Co. LLP as the scrutinizer for the e-voting process. These issuances are subject to member and regulatory approvals.