The company also said it has suspended trading access to its securities for the entire month of July, up to 48 hours after the release of financial results for the quarter ended June 30.

Shares of PTC Industries rose over 5 percent to a high of Rs 15,600 on Thursday. The counter had closed at Rs 14781.80 in the last trading session. The company has informed the exchange that its board will meet on July 13 to discuss the proposal to raise funds in one or more phases.

According to an exchange filing on Wednesday, the fund is proposed to be raised in one or more stages through instruments or securities such as private placement, preferential issue, rights issue and qualified entity placement as discussed by the board of directors.

The company also said it has suspended trading access to its securities for the entire month of July, up to 48 hours after the release of financial results for the quarter ended June 30.

“As may be necessary, the Board may consider holding an extraordinary general meeting or postal voting process to obtain the approval of the shareholders in respect of the above proposal for raising funds,” the filing said.

Earlier, PTC Industries informed the exchanges that its wholly-owned subsidiary – Aeroloy Technologies Limited – has developed the most advanced casting technology for manufacturing single crystal and directionally solidified blades and vanes for aero-engine and industrial gas turbine applications.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.)