Shakti Press Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/08/2025 ,inter alia, to consider and approve 1. To consider, approve and take ....
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Shakti Press Ltd has called a Board meeting on 30 August 2025 at 3:00 PM at its registered office in Nagpur. The Board will consider approving the notice for the Annual General Meeting (AGM) for FY 2024-2025. It will also appoint CS Adhishree Pimplapure as scrutinizer for the AGM voting process and M/s Jain Paranjape & Associates as secretarial auditors up to the conclusion of the 36th AGM. Additionally, the Board will consider appointing Mr. Subrat Banerjee as Executive Director. A key item on the agenda is the consideration and approval of a proposed preferential allotment of equity shares on a private placement basis.
The proposed preferential allotment of equity shares could lead to dilution of existing shareholders' stake and may affect the stock price depending on the issue price and the identity of the allottees. Appointment of a new Executive Director signals a potential leadership change, which investors should monitor closely.