SHRI GANG INDUSTRIES AND ALLIED PRODUCTS LIMITED
Board Meeting Details
The meeting was held on Monday, August 31, 2026, commencing at 4:00 PM and concluding at 5:00 PM.
Key Decisions Approved
1. Deferral of Agenda Items
The Board deferred consideration of the following matters to a subsequent meeting:
- Increase in Authorized Share Capital of the Company and subsequent alteration in Memorandum of Association
- Proposal for issuance of equity shares/convertible securities through Preferential Issue/Rights Issue/QIP/any other mode, including price determination
The date for the subsequent board meeting to consider these matters will be intimated in due course.
2. Alteration of Preferential Issue Objects
The Board approved alteration/variation in the Objects of the Preferential Issue of Fully Convertible Warrants (FCW) for Utilisation of Funds. This modification changes the Objects of the issue as stated in the Notice of AGM dated August 30, 2025. The alteration is subject to approval of shareholders and other required approvals.
3. 37th Annual General Meeting Arrangements
The Board approved the draft notice of the 37th Annual General Meeting scheduled to be held on Saturday, September 26, 2026, through Video Conferencing/Other Audio-Visual Means in accordance with applicable circulars from the Ministry of Corporate Affairs and SEBI.
The Notice of AGM along with the Annual Report for Financial Year 2025-26 will be sent electronically to all members whose email addresses are registered with the Company/Registrar and Transfer Agent/Depository Participant(s)/Depositories. The documents will also be available on the company website: www.shrigangindustries.com.
4. Scrutinizer Appointment
The Board approved the appointment of a Scrutinizer for conducting voting at the 37th Annual General Meeting.
Financial Impact
Financial impact of the decisions has not been quantified in the disclosure. The alteration of FCW objects and potential capital raising initiatives remain subject to future approvals.