Rishab Special Yarns Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/02/2026 ,inter alia, to consider and approve 1. the increase in Authorised ....
Awaiting price reaction for this filing.
Rishab Special Yarns Ltd has called a Board meeting on Saturday, February 21, 2026, at 3:00 PM at its registered office in Mumbai. The Board will consider increasing the Authorised Share Capital of the company and amending the Memorandum of Association accordingly. It will also consider changing the company's name from 'Rishab Special Yarns Limited' to 'Impera Worldwide Limited', signalling a possible rebranding or shift in business focus. Additionally, the Board will evaluate raising funds through equity shares, convertible warrants, preferential issues, private placements, rights issues, or a combination of these methods, subject to SEBI ICDR Regulations. Shareholder approval for the capital increase and name change will be sought via a Postal Ballot, and Shravan A. Gupta & Associates has been appointed as the Scrutinizer for the process.
The name change hints at a potential business pivot, while the proposed fund raising could lead to equity dilution for existing shareholders. Investors should watch the postal ballot outcome and the terms of any fund raise for clues on valuation impact.