Ratnaveer Precision Engineering Limited has informed the Exchange regarding Outcome of Board Meeting held on April 28, 2026.
RATNAVEER · price
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Ratnaveer Precision Engineering Limited's board meeting on April 28, 2026 approved three key items. First, the company will increase its authorised share capital from Rs. 85 crore to Rs. 113 crore by adding 2.8 crore new equity shares (face value Rs. 10 each). Second, the board plans to raise up to Rs. 330 crore through various instruments including QIP, preferential issue, rights issue, FPO, bonds, or GDR/FCCB, subject to shareholder approval at an EGM on May 30, 2026. Third, Mrs. Seema Vijay Sanghavi, wife of Managing Director Mr. Vijay Sanghavi, has been appointed as Additional Director and Executive Director for 5 years effective April 28, 2026.
The capital increase and Rs. 330 crore fundraising plan indicate significant dilution risk for existing shareholders. The appointment of a related party (spouse of MD) as Executive Director may attract scrutiny from minority investors.