Amendments in the capital clause of the company subject to the approval of the Shareholders of the Company.
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Sharat Industries' Board has approved increasing the authorised share capital from ₹50 crore to ₹60 crore (divided into 6 crore equity shares of ₹10 each), subject to shareholder approval at the 35th AGM. The Board deferred three capital-raising plans — preferential equity issue, convertible warrants, and a share swap with Katyayini Aquatech — citing the need for further evaluation of funding needs and timing. It also approved forfeiture of 2,41,174 partly paid-up equity shares (face value ₹10, paid-up ₹2.50) due to non-payment of call money. Three directors were re-appointed: Independent Director Mr. Harihar Venkata Muthyam (2nd term of 5 years), Managing Director Mr. Prasad Reddy Sabbella (5 years from April 2026), and Whole-Time Director Mr. Sharat Reddy Sabbella (5 years from April 2026). M/s. BP & Associates were appointed as Secretarial Auditors for FY 2025-26 to FY 2029-30. The record date for the final dividend was fixed as 19 September 2025, with the 35th AGM scheduled for 27 September 2025.
The increase in authorised capital signals room for future fundraising, but the deferral of preferential and warrant issuances means no immediate dilution or capital infusion for now. Share forfeiture marginally reduces outstanding share count. For shareholders, the key near-term event is the 19 September 2025 record date to be eligible for the final dividend.