Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors approved the appointment of three auditors: M/s. Sameer Bhatnagar & Company as Secretarial Auditor for five years (FY2025-26 to FY2029-30), M/s R.M. Bansal & Co. as Cost Auditor, and M/s. DIT & Company as Internal Auditor, both for FY2025-26. The Board also approved alteration of the Authorized Share Capital by creating an additional 8,51,853 equity shares of Rs. 10 each and reclassifying 4,08,147 unissued preference shares into equity shares, taking the total authorized capital to Rs. 132.50 crore (12.25 crore equity shares + 1 crore preference shares of Rs. 10 each). Additionally, the Board approved the Notice of the 54th Annual General Meeting scheduled for September 30, 2025, via video conferencing, along with the Annual Report for FY2024-25.
These are largely procedural and routine corporate housekeeping items. The share capital reorganization (converting preference shares to equity) simplifies the capital structure but does not change total capital value. No material price-moving action expected; shareholder approval will be sought at the upcoming AGM.