This is to inform you that Extra-Ordinary General Meeting ('EGM') of Prabhhans Industries Limited ('the Company') will be held on Saturday, July 05, 2025, at 03.30 P.M. (IST) through Video ....
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Prabhhans Industries Limited has called an Extra-Ordinary General Meeting (EGM) on Saturday, July 5, 2025, at 3:30 PM via Video Conferencing. The EGM will seek shareholder approval to increase the company's Authorized Share Capital from ₹6.5 crore (65 lakh equity shares of ₹10 each) to ₹12 crore (1.2 crore equity shares of ₹10 each), along with a corresponding amendment to the Memorandum of Association. The second item is the regularization and appointment of Mr. Rajesh Khurana (DIN: 09771144) as an Independent Director for a 5-year term ending March 19, 2030. Remote e-voting via CDSL will be open from July 2 (9 AM) to July 4 (5 PM), with the cut-off date set as June 28, 2025.
For shareholders: The authorized capital increase nearly doubles the company's capacity to issue new shares, which may signal plans for a future fundraising, stock split, or equity-based transaction, though no specific issuance is proposed yet. The new Independent Director appointment is routine governance. Existing shareholders do not face any immediate dilution risk from this EGM alone, but should watch for follow-up announcements if the expanded capital is utilised.