Safa Systems Gets In-Principle Approval for Preferential Issue

Safa Systems & Technologies Limited has received in-principle approval from BSE Limited for a preferential issue of up to 23,90,000 equity shares. These shares will be issued to promoters and members of the promoter group at a price of ₹20.47 per share, aggregating to a total consideration not exceeding ₹4,89,23,300. This approval is a significant step towards strengthening the company's capital base and potentially funding future growth initiatives.