Arcotech Ltd Board Approves Capital Increase & Auditor Appointment

Arcotech Limited's Board of Directors has approved a significant increase in authorized equity share capital from ₹21 Crores to ₹136 Crores, subject to shareholder approval. This involves creating an additional 57.50 Crores equity shares of ₹2 face value each. The board also approved the reclassification of authorized preference share capital from Non-Convertible, Non-Cumulative Redeemable Preference Shares (NCRPS) to general preference shares. Additionally, the board has recommended the appointment of M/s. Agarwal U R S & CO. as Statutory Auditors for a five-year term, replacing the retiring auditors. The company also plans to raise funds via NCDs. The 45th AGM is scheduled for September 29, 2026.