Ishaan Infra Board Approves Share Capital Hike & Acquisitions
Ishaan Infrastructures and Shelters Limited's Board of Directors met on August 29, 2026, approving a significant increase in authorized share capital from ₹7.5 Crores to ₹64 Crores. The board also greenlit the acquisition of 100% of Blisstering Electronics Private Limited and Bliss Cab Electronics Private Limited through a share swap agreement. This acquisition will be funded by issuing up to 5,67,51,732 equity shares at ₹14 per share on a preferential basis. Additionally, the board noted the resignations of statutory auditor Prakash Tekwani & Associates, secretarial auditor Utkarsh Shah & Co., and independent directors Ms. Priyanka K. Gola and Mr. Nayan Kamleshbhai Patel. M/s Grover Lalla & Mehta have been appointed as the new statutory auditors for five years, and M/s VJ & Associates as secretarial auditors for FY25-26.
Key Highlights
- Authorized share capital increased from ₹7.5 Cr to ₹64 Cr.
- Acquisition of 100% of Blisstering Electronics and Bliss Cab Electronics approved.
- Preferential issue of over 5.67 crore shares at ₹14 each for acquisition.
- Resignations of statutory auditor and two independent directors noted.
- New statutory auditors appointed for a five-year term.
Price Impact
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