Om Metallogic Limited held a Board of Directors meeting on Wednesday, June 24, 2026, which commenced at 3:00 PM and concluded at 3:30 PM. The meeting was conducted pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Board Decisions:
1. Authorised Share Capital Increase:
- Subject to shareholder approval and other statutory/regulatory approvals
- Approved increase from ₹8,75,00,000 (Rupees Eight Crore Seventy-Five Lakh Only) divided into 87,50,000 equity shares of ₹10 each
- To ₹16,00,00,000 (Rupees Sixteen Crore Only) divided into 1,60,00,000 equity shares of ₹10 each
- New shares will rank pari passu with existing equity shares
- Requires consequent amendment to Clause V of the Memorandum of Association
2. Postal Ballot Notice Approval:
- Approved the Postal Ballot Notice for seeking shareholder approval for the increase in Authorised Share Capital
- The notice includes the consequent amendment to the capital clause of the Memorandum of Association
3. Scrutinizer Appointment:
- Appointed Ayush D Gupta & Associates, Practicing Company Secretary, as Scrutinizer
- Will scrutinize the e-voting process for the upcoming Extraordinary General Meeting
- Scrutinizer details:
- Name: CS Ayush Gupta
- Membership Number: 73855
- Certificate of Practice Number: 27802
- Firm Unique Code: S2025MH1025600
- Peer Review No.: 6950/2025
The intimation follows the company's previous communication dated June 19, 2026. The financial impact of the capital increase is contingent upon shareholder and regulatory approvals.