This is to inform that shareholders of Sharat Industries Limited in 35th Annual General Meeting has approved the increase in authorised share capital of the company and alteration to capital ....
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Shareholders of Sharat Industries approved several items at the 35th AGM held on 27 September 2025. Mr. Harihar Venkata Muthyam was re-appointed as Independent Director for a second 5-year term, while founder Mr. Prasad Reddy Sabbella and his son Mr. Sharat Reddy Sabbella were re-appointed as Managing Director and Whole-Time Director respectively for 5-year terms starting 1 April 2026. The company also received approval to raise its authorised share capital from ₹50 crore (5 crore shares) to ₹60 crore (6 crore shares) of ₹10 each. M/s. BP & Associates were appointed as Secretarial Auditor for 5 years, and shareholders cleared material related party transactions with Katyayini Aqatech Private Limited and M/s. S P Enterprises.
Continuity at the leadership level with re-appointments of the promoter family provides stability, while the higher authorised share capital gives the company room to raise fresh funds in the future. For shareholders, this is largely a routine governance update with no immediate dilution, though future equity raises remain possible.