StockWatch
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Explosives
Board Meeting18 Sept 2026, 08:30 pm

Beezaasan Explotech Approves Share Capital Increase & Preferential Issue

AI Summary

Beezaasan Explotech Ltd's Board of Directors approved a significant increase in authorized share capital from ₹16 Crores to ₹46 Crores. They also approved a preferential issue of up to 5,13,772 equity shares at ₹570 each, aggregating ₹29.28 Crores, subject to member approval. The company will hold an EGM on October 13, 2026, to seek these approvals. A proposal to acquire shares in associate company Asawara Earthtech Limited was deferred.

Key Highlights

  • Authorized share capital increased from ₹16 Cr to ₹46 Cr.
  • Approves preferential issue of 5,13,772 equity shares at ₹570 each.
  • Preferential issue aims to raise ₹29.28 Crores.
  • EGM scheduled for October 13, 2026, for member approvals.
  • Investment in associate company deferred.