1. Increase in Authorized Share Capital
- Approved increase of Authorized Share Capital from ₹4,00,00,000 (Rupees Four Crore) divided into 40,00,000 Equity Shares of ₹10 each to ₹2,25,00,00,000 (Rupees Two Hundred and Twenty-Five Crore) divided into 22,50,00,000 Equity Shares of ₹10 each
- Requires consequent alteration of the Capital Clause of the Memorandum of Association of the Company
- Subject to approval of shareholders of the Company
2. Preferential Issue to Independent Director
- Approved issue of up to 26,66,667 Equity Shares to Mr. JrMichael Joseph Commiskey (Independent Director, Non-Promoter)
- Issue price: ₹15 per equity share
- Subject to approval of shareholders in the ensuing Annual General Meeting
3. Acquisition of Magnatech Co. Ltd Stake
- Approved acquisition of 1,65,93,000 shares (face value 500 KRW each) representing 95.00% stake in M/S. Magnatech Co. Ltd
- Target company is incorporated in Republic of Korea (South Korea) with Registration Number 200111-0219604
- Acquisition to be executed on a share swap basis through preferential allotment
- Company to issue up to 19,91,16,000 Equity Shares of ₹10 each to shareholders of Magnatech
- Issue price: ₹15 per share for consideration other than cash basis
- Subject to approval of shareholders in the ensuing Annual General Meeting
4. Annual General Meeting Schedule
- Board fixed the Annual General Meeting for Wednesday, 30th September, 2026 at 05:00 PM
- Meeting to be conducted through Video Conferencing/Other Audio-Visual Means
- Purpose: Seeking shareholders' approval on all the above matters
The disclosure is made in compliance with Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations and the referenced SEBI Master Circular. Additional details as required will be provided separately.