Corporate News     19-Dec-23
Xpro India to raise capital up to Rs 290 cr via equity route
Xpro India has proposed a capital raising plan for the approval of the Shareholders, which has been announced as required. In summary, the Company intends to raise upto Rs. 140 crore through preferential issue of Convertible Warrants and upto Rs. 150 crore through a Qualified Institutions Placement (QIP).

The promoter group will also participate in the preferential issue, to signify their continuing commitment through their significant holding. The key intent of the Board is to further strengthen the capital resource base of the Company in light of the growth plans that are in motion, and the underlying strategic vision of being a focused player of consequence in the dielectric BOPP film business in the global space, besides consolidating our domestic first-mover status.

The management is confident of being on track with the timelines for the expansions as detailed in the last Annual report, and as mentioned in subsequent releases. As a step towards enlarging our successful footprint in the industry's global supply chain the Board has approved the setting up of a subsidiary in the United Arab Emirates; shareholders will be kept informed as required in due course about related developments.

The Board believes that its emphasis on sound governance, financial discipline, and objectives on business scale and focus, are all important factors in value enhancement. The Board greatly appreciates the support of shareholders and looks forward to their due approvals.

Previous News
  XPRO India standalone net profit declines 41.08% in the September 2023 quarter
 ( Results - Announcements 06-Nov-23   17:41 )
  XPRO India consolidated net profit rises 191.10% in the March 2024 quarter
 ( Results - Announcements 29-May-24   07:40 )
  XPRO India announces resignation of company secretary
 ( Corporate News - 14-Jan-23   10:59 )
  XPRO India to conduct board meeting
 ( Corporate News - 04-Aug-23   19:37 )
  XPRO India to convene EGM
 ( Corporate News - 20-Dec-23   10:36 )
  Board of XPRO India recommends final dividend
 ( Corporate News - 29-May-24   11:29 )
  XPRO India reports consolidated net loss of Rs 1.82 crore in the September 2019 quarter
 ( Results - Announcements 07-Nov-19   09:30 )
  XPRO India reports standalone net loss of Rs 1.80 crore in the September 2019 quarter
 ( Results - Announcements 06-Nov-19   17:01 )
  XPRO India gets upgradation in credit ratings
 ( Corporate News - 05-Dec-18   13:47 )
  XPRO India to table results
 ( Corporate News - 13-Oct-18   10:18 )
  XPRO India consolidated net profit declines 41.08% in the September 2023 quarter
 ( Results - Announcements 07-Nov-23   07:42 )
Other Stories
  Vaghani Techno-Build declare Quarterly Result
  06-Feb-25   21:27
  Intrasoft Technologies declare Quarterly Result
  06-Feb-25   21:26
  Panabyte Technologies to convene board meeting
  06-Feb-25   21:26
  Imagicaaworld Entertainment to conduct board meeting
  06-Feb-25   21:26
  Tribhovandas Bhimji Zaveri to conduct board meeting
  06-Feb-25   21:26
  East India Drums & Barrels Mfg. announces board meeting date
  06-Feb-25   21:26
  Aartech Solonics to table results
  06-Feb-25   21:25
  RDB Real Estate Construction to convene board meeting
  06-Feb-25   21:25
  P N Gadgil Jewellers to discuss results
  06-Feb-25   21:25
  Bodhi Tree Multimedia announces board meeting date
  06-Feb-25   21:25
Back Top