15-Oct-2026 19:50:10
VIVIANA POWER TECH: BOARD CANCELS PROPOSED PREFERENTIAL WARRANT ISSUE
• Board of Directors, at its meeting on October 15, 2026, unanimously decided not to proceed with the proposed fundraising through fully convertible warrants. • The proposed warrants were to be issued on a preferential basis. • Decision taken after evaluating fundraising alternatives, potential equity dilution and shareholder interests. • Management considered future capital requirements, business expansion plans and capital structure before cancelling the proposal. • Company remains committed to exploring alternative funding options to support future growth. • Proposed equity dilution through the warrant issue has been avoided. • However, the company has not announced an alternative fundraising arrangement.
VIVIANA POWER TECH LTD