Board Meeting31 Aug 2026, 07:41 pm
Integra Switchgear Board Approves Capital Increase & Acquisition
AI Summary
Integra Switchgear Limited's Board of Directors met on August 31, 2026, approving a significant increase in authorized share capital from ₹4 Crore to ₹225 Crore. The board also sanctioned the preferential issue of equity shares to an independent director and approved the acquisition of a 95% stake in South Korea-based Magnatech Co. Ltd via a share swap. The Annual General Meeting is scheduled for September 30, 2026, to seek shareholder approval for these proposals.
Key Highlights
- Authorized share capital increased from ₹4 Cr to ₹225 Cr.
- Preferential issue of shares to an independent director approved.
- Acquisition of 95% stake in Magnatech Co. Ltd approved.
- AGM scheduled for September 30, 2026, for shareholder approvals.
- Board meeting concluded on August 31, 2026.
Price Impact
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