Atal Realtech Limited has informed the Exchange regarding Appointment of Mr BKSK & Associates as Other of the company w.e.f. May 15, 2025.
ATALREAL · price
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Atal Realtech's board met on May 15, 2025 and approved multiple items. The board cleared the audited financial results for the quarter and full year ended March 31, 2025. It approved setting up a new wholly-owned subsidiary named 'Atal Realty Limited' to operate in the real-estate space, with an initial investment of Rs 1 lakh for 100% ownership. The board also cleared a proposal to raise up to Rs 50 crores through any permissible mode such as public issue, rights issue, QIP, preferential allotment, ADRs, or debt, and approved a postal ballot notice to seek shareholder approval for this. Additionally, M/s. BKSK & Associates, Nashik was appointed as Internal Auditor for FY 2025-26, and M/s. Akshay R Birla & Associates was re-appointed as Secretarial Auditor for FY 2024-25.
The Rs 50 crore fund-raising plan and new subsidiary signal growth ambitions in real estate, but shareholders should expect potential dilution depending on the final mode chosen. The expansion and capital raise will require shareholder approval via postal ballot, so investors will have a say before money is actually raised.