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The funds would be raised through issuance of equity shares on a rights issue basis under applicable laws, rules, regulations thereof and subject to such regulatory / statutory approvals as may be required.
Hatsun Agro Product manufactures and markets dairy products like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, etc.
The company's net profit fell 10.9% to Rs 51.95 crore despite of a 30.9% rise in net sales to Rs 2,014.61 crore in Q1 FY23 over Q1 FY22.
Shares of Hatsun Agro Product slipped 0.06% to Rs 1,112.05 on the BSE.
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