Dhampur Sugar Mills today said its board has approved plans to raise up to Rs 200-crore capital.
“The board of directors of the company... has considered and approved... raising of capital up to Rs 200 crore under applicable provisions of Sections 42 and 62 of the Companies Act, 2013, SEBI (ICDR) Regulations, 2009, and subject to approval of shareholders and other competent authorities as may be required,” Dhampur Sugar Mills said in a BSE filing.
The company did not specify end use of funds it plans to raise.