Board Meeting11 Sept 2026, 11:10 pm
Nanta Tech Board Approves Share Capital Increase & Preferential Issue
AI Summary
Nanta Tech Limited's Board of Directors met on September 11, 2026, approving a proposal to increase the company's authorized share capital from ₹5.50 crore to ₹7.00 crore. The board also approved the alteration of Articles of Association to facilitate future securities issuance and a preferential issue of up to 6,25,000 convertible warrants to promoters and non-promoters. An Extraordinary General Meeting (EGM) will be convened on October 10, 2026, to seek shareholder approval for these proposals. Mr. Nikunj Kanabar was appointed as the scrutinizer for the EGM's remote e-voting process.
Key Highlights
- Authorized share capital increased from ₹5.50 Cr to ₹7.00 Cr.
- Approved preferential issue of up to 6,25,000 convertible warrants.
- Articles of Association to be altered for securities issuance.
- EGM scheduled for October 10, 2026, for shareholder approval.
- Scrutinizer appointed for EGM remote e-voting.
Price Impact
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