Ahmedabad, January 30, 2025: Dhyaani Tradeventtures Limited (BSE Scrip Code: 543516/DHYAANITR) has announced a series of strategic decisions approved during its Board of Directors meeting held on Friday, January 17, 2025. These measures aim to enhance the company’s financial position and facilitate its future growth plans.
The company disclosed these developments in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Key Highlights of the Meeting:
1. Increase in Authorized Share Capital:
The Board approved an increase in the authorized share capital of the company from ₹18 crore, comprising 1.8 crore equity shares of ₹10 each, to ₹24.55 crore, comprising 2.455 crore equity shares of ₹10 each. This increase is subject to shareholder approval and will involve amendments to the Memorandum of Association.
2. Issuance of Optionally Convertible Debentures (OCDs):
The company plans to issue up to 75 lakh unsecured, unrated, and unlisted Optionally Convertible Debentures (OCDs) on a preferential basis under Chapter V of the SEBI (ICDR) Regulations, 2018. Key details of the issue include:
- Issue Price: ₹40 per OCD
- Aggregate Value: ₹30 crore
- Interest Rate: 8%
- Conversion Ratio: 1:1 into equity shares at ₹40 per share
- Proposed Investors: Non-promoters, including:
- Goldstone Trading Company Private Limited
- Black Hawk Properties Private Limited
- Realstone Trading Company Private Limited
- Shaswat Stock Brokers Private Limited
- Girijadhava Vyapaar Private Limited
The issue is subject to shareholder and regulatory approvals.
3.Enhancement of Borrowing Limits:
The Board approved an increase in the company’s borrowing limits to ₹500 crore under Section 180(1)(c) of the Companies Act, 2013. This decision is also subject to shareholder approval.
4.Convening an Extraordinary General Meeting (EGM):
The Board approved a draft notice to convene an EGM on Saturday, February 15, 2025, to seek shareholder approval for the aforementioned resolutions.
Strategic Vision for Growth:
The decisions taken during the board meeting reflect Dhyaani Tradeventtures Limited’s focus on strengthening its capital structure and expanding its financial capabilities. The issuance of OCDs will provide the company with immediate liquidity, while the enhanced borrowing limits will support future projects and operations.
