Variman Global to Increase Authorised Capital, Issue Shares & Warrants

Variman Global Enterprises Limited's Board of Directors has approved a significant increase in the company's authorized share capital from ₹50 Crores to ₹67 Crores. The board also approved the preferential issue of over 1.67 crore equity shares at ₹4.65 each to non-promoters and the issuance of up to 3.9 crore convertible warrants at the same price to promoters and non-promoters. Additionally, the company plans to acquire approximately 99.99% stake in Ecogenics Technologies and Systems Limited via preferential allotment of over 41 crore equity shares on a swap basis. All these proposals are subject to shareholder approval.