Arcotech Ltd Board Approves NCD Issue, Equity Capital Hike

Arcotech Limited's Board of Directors has approved the issuance of Non-convertible Debentures (NCDs) on a private placement basis, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The board also approved a significant increase in the authorized equity share capital from ₹21 crore to ₹136 crore, by creating an additional 57.5 crore equity shares. Furthermore, the company plans to reclassify its authorized Non-Convertible, Non-Cumulative Redeemable Preference Shares (NCRPS) to Preference Shares. The 45th AGM is scheduled for September 29, 2026, where these proposals, along with the appointment of new statutory auditors, will be presented for shareholder consent.