Rox Hi Tech Approves Strategic Plan to Raise Up To Rs 20 Crores Through Equity and Convertible Securities
Rox Hi Tech Limited, which was formerly known as ROX Trading and Systems Pvt.Ltd and ROX Hi-Tech Pvt.Ltd, announced that its Board of Directors sanctioned a significant fundraising initiative aimed at expanding the company's financial capabilities. The decision was reached during a meeting held on July 20, 2026.The board considered and approved a comprehensive proposal to raise funds aggregating up to Rs 20,00,00,000 (Rupees Twenty Crores Only). This capital infusion can be secured through various methods, including the issue of equity shares, preference shares, and/or other convertible or non-convertible securities. These instruments include warrants, depository receipts, debentures, and bonds, or any combination thereof.
The fundraising structure is flexible, permitting multiple transaction types. The company may execute this offering via a preferential issue, private placement, rights issue, qualified institutions placement, or a combination of these methods, subject to all applicable laws and necessary regulatory approvals.
The meeting also confirmed the establishment of a Strategic Investment Committee of the Board of Directors. This committee has been tasked with examining and evaluating various options for fund raising in the most beneficial way possible for the Company. The committee is authorized to determine key aspects of the offering, including the terms and conditions, the nature of the security, the record date, issue size, issue price, and the timing of the issue.
The Board meeting commenced at 20:25 PM and concluded at 20:56PM, outlining a clear path forward for Rox Hi Tech Limited regarding its planned capital structure enhancement.
ROXHITECH Stock Price Movement
Today, shares of Rox Hi Tech Limited edged higher to settle at ₹39.65, as the equity gained 4.89% in the post-market trading session. The stock saw a total traded volume of 8,000 shares during the day's close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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