Ishaan Infrastructures Approves Share Swap for Acquisitions

Ishaan Infrastructures and Shelters Ltd's Board of Directors has approved a significant strategic move involving the acquisition of 100% share capital of Blisstering Electronics Private Limited and Bliss Cab Electronics Private Limited. This acquisition will be executed through a share swap agreement, involving the issuance of up to 5,67,51,732 equity shares at ₹14 per share. The company also approved an increase in authorized share capital from ₹7.5 Crores to ₹64 Crores to facilitate this transaction. Additionally, the board accepted resignations from statutory auditor, secretarial auditor, and two independent directors, while appointing new statutory and secretarial auditors.