Goodluck Defense and Aerospace Limited Board Approves Preferential Equity Issue to Raise Funds
Goodluck India Limited has confirmed that the Board of Directors of its subsidiary, Goodluck Defense and Aerospace Limited, approved a plan for issuing further equity shares. This move aims to raise funds through preferential and private placement involving non-promoter categories.The decision was made by the Board of Directors during its meeting held on Thursday, August 6, 2026. The board considered and sanctioned the issuance of equity shares to individuals belonging to the Non-Promoter category.
Under this plan, the company intends to raise up to Rs. 285 crores through the fundraising initiative.The issue details specify a price of Rs. 375 per share, which includes a premium of Rs. 365 per share.
The issuance remains subject to the approval of the subsidiary company's shareholders and all other required statutory and regulatory permissions and sanctions under applicable laws.
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