Sharvaya Metals Approves Share Capital Increase & Warrant/Share Issue

Sharvaya Metals Limited's Board of Directors approved an increase in authorized share capital and a preferential issue of up to 8,11,000 Fully Convertible Warrants at INR 144 each, totaling INR 11,67,84,000. Additionally, the board approved the issuance of up to 21,00,000 equity shares at INR 144 each, aggregating INR 30,24,00,000, for the acquisition of 100% share capital of Success Electronics Private Limited via a share swap. The acquisition consideration is approximately INR 30,24,00,000. The company also ratified the appointment of a Registered Valuer and approved the relevant date for the preferential issue.