Board Meeting27 Mar 2026, 04:00 pm
Dev Labtech Venture Ltd. Board Meeting Approves Capital Increase, Share Split, Bonus Shares, and Term Loan
AI Summary
Dev Labtech Venture Ltd. held a Board Meeting on 27.03.2026, during which they approved several key decisions. The company increased the authorized share capital, amended the capital clause of the Memorandum of Association, altered the Object Clause of the Memorandum of Association, and approved a sub-division of equity shares. Additionally, Dev Labtech Venture Ltd. decided to issue bonus shares and avail a term loan of Rs. 744.22 lakh from Small Industries Development Bank of India (SIDBI). These decisions are subject to approval by shareholders through a postal ballot and other necessary approvals.
Key Highlights
- Increase in the Authorised Share Capital of the Company from Rs. 15,00,00,000/- to Rs. 25,00,00,000/- divided into 2,50,00,000 Equity Shares of Rs. 10/- each.
- Sub-division/split of equity shares of the Company, such that 1 Equity Share of the Company having face value of Rs. 10/- each fully paid-up into 2 Equity Shares having face value of Rs. 5/- each fully paid-up.
- Issue of bonus equity shares in the ratio of 1:1 i.e. 1 new fully paid-up Bonus Equity Shares of Rs. 5/- each for every 1 existing fully paid-up Equity Shares of Rs. 5/- each held by the Members as on the record date.
- Availing financial assistance by way of Term Loan of Rs. 744.22 lakh from Small Industries Development Bank of India (SIDBI).
- Appointment of Mr. Ricky Kapadia, Proprietor of M/s. RPK & Associates, as a scrutinizer for the Postal Ballot and e-voting process.