Aether Industries Board of Directors to Meet on July 19 to Consider Fundraising

The board of directors of Aether Industries Ltd. is scheduled to meet on July 19 to consider fundraising proposals. The board will review and approve the unaudited standalone and consolidated financial results for the first quarter of fiscal 2025, according to a stock exchange filing on Tuesday.

The Board of Directors will consider raising funds through a variety of instruments, including common shares, convertible preferred shares, bonds (including bonds and debentures convertible into foreign currencies), non-convertible debt instruments with warrants, convertible debentures and other equity-based instruments.

This transaction may be carried out by private placement, qualified institutional placement, public issue, rights issue, preferential allocation or other authorized methods. An offer for sale may also be considered, subject to the approval of shareholders and regulatory authorities.

Other business transactions will also be discussed at the meeting.

The proposed fundraising is intended to support the company’s strategic growth initiatives, requiring approval from shareholders and relevant regulatory bodies, the filing said.