The Board of Directors of Veerhealth Care Limited has approved the company's expansion plan.

The Board has approved the expansion project and estimated project cost for expansion will be Rs. 33 crore, including purchase of Land, Construction of Building, Plant & Machinery and other Infrastructure.

Out of Rs. 33 crore, Rs. 8 crore to be raised from bank by way of borrowings.

The Board has decided to issue new 99,99,238 equity shares having face value of Rs. 10/- each at a premium of Rs. 15/- per share by way of Rights Issue to the existing shareholders of the Company at an issue price of Rs. 25/- per equity share in the ratio of 1:2 i.e. 1 (one) new Right Share for every 2 (two) existing Equity Shares held by the eligible shareholders.