Announced Sat, 25 Jul · 13:44 IST
Board Approves Capital Hike to Rs 100 Cr, Name Change, New Woman Director
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+9.8%1-day move
₹29.85
prior close
₹31.23
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+9.8—————————
Up moveDown movePending
AI summary
Board approved appointment of Mrs Priyanka Tiwari as Woman Director, M/s Arvind Baid and Associates as statutory auditors for 5 years, and re-appointment of Mr Himalay Dassani as MD for 3 more years. Also approved increasing authorised share capital from Rs 25 crore to Rs 100 crore, a proposed company name change, expansion of main business objects, formation of subsidiaries, and higher borrowing and investment limits. AGM set for 21 August 2026.
Likely market impact
Major structural changes ahead: proposed name change, 4x authorised capital hike, new auditor, and expanded business scope. Await AGM approval.