Shree Renuka Sugars Limited (NSEI:RENUKA) announced that the meeting of the board of directors of the company was held on February 9, 2024, approved the Issuance of equity shares of value up to INR 25,000 million to Qualified Institutional Buyers on such terms and conditions as may be decided by the Board of Directors or Committee thereof subject to the further approval by the shareholders and other regulatory /statutory approvals, in accordance with the applicable laws including the provisions of the SEBI ICDR Regulations, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Companies Act, 2013 and other applicable laws and the rules framed thereunder, as amended from time to time.