Ratnaveer Precision Engineering Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
RATNAVEER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved increasing the Authorised Share Capital from Rs. 85 Crores to Rs. 113 Crores by adding 2.8 Crore new equity shares of Rs. 10 each. The company plans to raise funds up to Rs. 330 Crores through various modes including QIP, Preferential Issue, Rights Issue, FPO, GDR, FCCB, Bonds or Debentures, subject to shareholder and regulatory approvals. An EGM has been convened for May 30, 2026 to seek shareholder approval. Additionally, Mrs. Seema Vijay Sanghavi, wife of Managing Director Mr. Vijay Sanghavi, has been appointed as Additional Director (Executive Director) for 5 years.
The capital increase and fund-raising plan (up to Rs. 330 Crores) will dilute existing shareholders if shares are issued at a discount. The significant equity raise could pressure near-term stock price, though funds may support future growth. Shareholder approval at EGM will be required.