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EVOQ Remedies to acquire controlling stakes in two firms
short by / on Wednesday, 30 April, 2025
EVOQ Remedies Ltd approved increasing its authorised share capital to ₹42 crore. They will issue new shares via preferential issues to acquire significant stakes in Poshan Nutriwell (71.95%) and Spazio Formulations (50.36%). The board also approved expanding EVOQ's business to include agricultural produce and agro-processing, subject to shareholder approval. Disclosures have been made to SEBI.