Announced Sat, 25 Jul · 13:43 IST

Board approves AGM, 4x capital hike, name change and key appointments

Board & Shareholder Meetings View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Board approved convening AGM on 21 Aug 2026, FY26 Board's Report, new statutory auditors (Arvind Baid & Associates for 5 years), MD re-appointment (Himalay Dassani for 3 years), and a new woman director. For shareholder approval: 4x hike in authorized capital from Rs 25 cr to Rs 100 cr, possible name change, expansion of main business objects, and higher borrowing and investment limits.

Likely market impact

Aggressive growth push via capital expansion, higher borrowing limits, and business diversification may support expansion but could lead to dilution or higher debt.