Ishaan Infra to acquire BEPL & BCEPL via share swap

Ishaan Infrastructures and Shelters Limited's Board has approved the acquisition of 100% share capital of Blisstering Electronics Private Limited (BEPL) and Bliss Cab Electronics Private Limited (BCEPL) through a share swap agreement. The company also approved an increase in authorized share capital from ₹7.50 Cr to ₹64 Cr. A preferential issue of up to 5,67,51,732 equity shares at ₹14 per share will be made to BEPL and BCEPL shareholders. The Board also noted resignations of statutory auditor, secretarial auditor, and two independent directors, and approved the appointment of new statutory and secretarial auditors.