Satani Bearings Ltd. Board Meeting Approves Capital Increase, Rights Issue, and More

The Board of Directors of Satani Bearings Ltd. held a meeting on 2nd April, 2026, where several key decisions were made. The Board approved an increase in the company's authorized capital from Rs. 20,00,00,000 to Rs. 35,00,00,000 divided into 3,50,00,000 Equity Shares of Rs. 10/- each. The company also approved a proposal to raise funds up to Rs. 50 Crore through a rights issue. The Board also empowered the company to create charges, mortgages, and hypothecation on its movable and immovable properties up to Rs. 500 Crores. The borrowing powers of the company were also increased to Rs. 500 Crores. The limits under Section 186 of the Companies Act, 2013 were enhanced to INR 500 Crores. The Board also appointed Ms. Niyati Yogesh Lad as the Company Secretary & Compliance Officer. The company also approved the incorporation of a Wholly Owned Subsidiary in the United Arab Emirates. The Board also approved the adoption of a new set of Memorandum of Association of the Company.