MM Forgings' board approved enabling resolution to raise up to ₹600 crore via QIP or other permissible modes.
Authorized Share Capital proposed to increase from ₹51 crore to ₹61 crore, adding 1 crore new equity shares of ₹10 each.
Both resolutions require shareholder approval via Postal Ballot under Section 110 of the Companies Act, 2013.