Pursuant to Regulation 30 of SEBI (LODR) regulations, 2015, we hereby inform that the Board of Directors of the Company has decided to call an Extra- ordinary General Meeting (EGM) of the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manbro Industries Ltd (BSE Scrip Code: 512595) has called an EGM on 30th June 2025 at 11:30 AM via video conferencing to seek shareholder approval on 12 special business items. Key proposals include appointment of Mr. Dilip Kumar Goenka as Managing Director for 5 years (w.e.f. 12 Feb 2025), appointment of Mr. Binod Kumar Goenka as Non-Executive Non-Independent Director, and appointment of three Independent Directors — Mr. Sunil Sharma, Ms. Varsha Bothra, and Mr. Shalen Jain — each for a 5-year term. The company also seeks approval for a major expansion of its Object Clause into steel/GFRP rebar manufacturing, AAC blocks, renewable energy, recycling, healthcare, and IT businesses; ratification of an earlier resolution to issue up to 43,50,000 convertible warrants to promoters and non-promoters; shifting of the registered office from Delhi to Guwahati; raising the borrowing limit to ₹500 crore under Section 180(1)(c); and approving loans/guarantees up to ₹500 crore under Section 186. The cut-off date for e-voting eligibility is 23rd June 2025, with remote e-voting open from 27th–29th June 2025.
Shareholders should review these resolutions carefully — the borrowing cap of ₹500 crore, large object clause expansion into unrelated sectors (renewable energy, healthcare, IT), and warrant ratification signal aggressive growth/ fundraising plans that could dilute equity. The registered office shift from Delhi to Guwahati is also notable and may have governance and regulatory implications.