Ratnaveer Precision Engineering Ltd to Consider Raising Funds of Up to Rs. 300 Crore
Ratnaveer Precision Engineering Limited, formerly known as Ratnaveer Metals Limited, announced that its Board of Directors will meet on Tuesday, April 28, 2026. The primary purpose of the meeting is to consider and approve a substantial proposal to raise funds through the issuance of equity shares or any other eligible securities.The proposed fundraise targets an amount up to Rs. 300 crore.
The capital generation can be achieved through various permissible modes, including, but not limited to, a private placement, a qualified institutions placement, preferential issue, Right Issue, or any combination of methods allowed under applicable laws. This strategic funding mechanism is subject to the requisite regulatory and statutory approvals, as well as the approval of the company’s shareholders.
During the Board meeting, the company will also address the proposal to increase its Authorized Share Capital, pending the approval of the shareholders.
This initiative aims to facilitate the overall proposed issue of funds for the company.
Stock Price Movement
At the close of trading Friday, shares of Ratnaveer Precision Engineering Ltd settled at ₹156.05, dropping 0.57% for the session. Throughout the day, the stock traded through a wide range, testing a low of ₹150.35 before reaching an intraday high of ₹159.65.Source:
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