Outcome of Board Meeting held on 04th June, 2025
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The Board of Directors of Markobenz Ventures Limited (CIN: L46692MH1985PLC037652, BSE Scrip Code: 514060) met on June 4, 2025 and approved three items: convening the 38th Annual General Meeting on Thursday, June 26, 2025 at 3:00 PM via Video Conferencing; approving the Director's Report for FY ended March 31, 2025; and approving the AGM Notice. The AGM Notice contains several special business items for shareholder approval, including a proposal to change the company's name from 'Markobenz Ventures Limited' to 'Newtrac Foods & Beverages Limited', an increase in authorised share capital from Rs. 55 crore to Rs. 75 crore (creating 2 crore additional shares of Rs. 10 each), appointment of two new directors (Mr. Mahendra Kumar Jagdeesh Patel as Executive Director and Mr. Rakesh Kumar Pandey as Independent Director), and appointment of M/s. NKSC & Co as statutory auditors in place of M/s. S. Ramanand Aiyar & Co for the 38th to 42th AGM. The Board meeting ran from 4:00 PM to 6:20 PM.
This filing flags a potential strategic pivot for the company — the proposed name change from 'Markobenz Ventures' (textile heritage) to 'Newtrac Foods & Beverages' suggests a shift toward the food and beverages sector, which could be material for investors. The 36% increase in authorised share capital (from Rs. 55 cr to Rs. 75 cr) creates room for future fundraising or stock issuance, potentially leading to equity dilution. Shareholders should watch the June 26 AGM outcome closely as it bundles multiple corporate actions including auditor change, board reconstitution, and the rebranding decision.