Authorised capital hike, preferential share issue and MOA amendment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved raising authorised capital from ₹35 crore to ₹40 crore and issuing 27.30 lakh equity shares at ₹42 each on preferential basis to non-promoters Uday Narang (24.92 lakh shares) and Kushal Muchhal (2.37 lakh shares), totalling about ₹11.47 crore. Object clause altered to enter automobile manufacturing, steel and metals, and nuclear and defence R&D. New director, company secretary and internal auditor appointed. Director Harjeet Singh Arora resigned. All subject to shareholder approval at AGM on October 12, 2026.
Existing shareholders face dilution from 27.30 lakh new shares at ₹42. Expansion into auto, metals and defence sectors could support future growth.