Noble Polymers to Increase Authorized Capital to ₹18 Cr

Noble Polymers Ltd's board approved increasing the authorized capital from ₹4 Cr to ₹18 Cr, issuing preferential shares and warrants at ₹5 each, and appointing Mr. Sanjaykumar Sevantilal Shah as CFO. The company will issue up to 22,76,400 equity shares and 2,34,75,735 convertible warrants on a preferential basis, subject to shareholder and regulatory approvals. The preferential issue triggers an open offer, potentially leading to a change in control and promoter reclassification. An Extra Ordinary General Meeting is scheduled for June 13, 2026.