Rama Petrochemicals Ltd Press Release Jan 22 2025

The outcome of the Board Meeting held today is as follows:Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 read with schedule III the Board of Directors in its meeting held today considered and approved for issuance of 49,50,950 (Forty Nine Lakhs Fifty Thousand Nine Hundred and Fifty only) Warrants each convertible into equal number of Equity Shares in one or more tranches, to the proposed allottees, on a preferential basis ('Preferential Issue'), subject to the approval of shareholders and approval of regulatory / statutory authorities and in accordance with Chapter V the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the 'SEBI ICDR Regulations'), the Companies Act, 2013 and the rules made thereunder, as amended and other applicable laws.