Please find the attached Outcome of Board Meeting
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The Board of Vaishno Cement Company met on 5th September 2025 and approved several key items. It cleared a proposal to raise up to Rs. 50 Crores through equity shares or other eligible securities via QIP, FPO, rights issue, preferential allotment, or other modes, subject to shareholder approval. M/s. Nishant Bajaj & Associates was appointed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), and Ms. Divya Sarraf was appointed as Internal Auditor for FY 2025-26. The Board also approved shifting the registered office from Kolkata (West Bengal) to Mumbai (Maharashtra), pending shareholder nod. Various borrowing and investment limits under Sections 180, 185, and 186 of the Companies Act, 2013, were revised up to Rs. 100 Crores. The AGM is scheduled for 30th September 2025, with book closure from 23rd to 30th September.
The proposed Rs. 50 Crore fund raise could lead to equity dilution for existing shareholders depending on the route chosen. The move of the registered office to Mumbai signals a possible strategic shift towards financial hubs. Shareholders should watch the AGM on 30th September, where special resolutions for these approvals will be voted on.