Board Meeting30 May 2026, 09:01 pm
3B Films to Alter MOA Object Clause, Approves Acquisition
AI Summary
3B Films Ltd's board approved altering the object clause of its Memorandum of Association, subject to shareholder approval. The board also approved the acquisition of 99.99% equity shareholding of 3B Flexipacks Private Limited for ₹26,02,66,000. Additionally, the board approved increasing the authorized share capital and the conversion of unsecured loans into equity, also subject to shareholder approval. Ms. Mital Dipen Devani resigned as a Non-Executive and Independent Director.
Key Highlights
- 3B Films to alter MOA object clause, pending shareholder approval.
- Acquires 99.99% stake in 3B Flexipacks for ₹26,02,66,000.
- Authorised share capital increased to ₹27,00,00,000.
- Unsecured loans to be converted into equity, subject to approvals.
- Mital Dipen Devani resigns as Non-Executive Independent Director.
Price Impact
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