Please find the attached outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Vaishno Cement Company Ltd met on September 5, 2025, and approved several key items. These include the appointment of M/s. Nishant Bajaj & Associates as the new Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) and Ms. Divya Sarraf as the Internal Auditor for FY 2025-26. The Board approved a proposal to raise up to Rs. 50 Crores through equity shares or other securities via QIP, FPO, rights issue, or preferential allotment, subject to shareholder approval. It also approved increased borrowing and investment limits of Rs. 100 Crores each under Sections 180(1)(c) and 186 of the Companies Act. Additionally, the Board approved shifting the registered office from Kolkata (West Bengal) to Mumbai (Maharashtra) and scheduled the Annual General Meeting for September 30, 2025.
The proposed Rs. 50 Crore fund raise could lead to equity dilution for existing shareholders. The shift of the registered office to Mumbai may signal a strategic move closer to financial markets, while the increased borrowing and investment limits give the company greater financial flexibility but also higher leverage potential. Shareholders' approval will be sought at the upcoming AGM.