StockWatch
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Packaging
Board Meeting24 Jul 2026, 06:10 pm

Pankaj Polymers Ltd Appoints New Statutory Auditors, Approves Preferential Issues & Name Change

AI Summary

Pankaj Polymers Ltd announced key decisions from its Board of Directors meeting held on July 24, 2026. The company appointed M/s. Shilpi Sharma & Co. as Statutory Auditors to fill a casual vacancy. The Board also approved preferential issues of equity shares and warrants to non-promoter and promoter categories, respectively, at ₹81 per share/warrant. Furthermore, a proposal for a change of company name to 'Rupia Tech Limited' or similar, alteration of the Memorandum of Association to focus on technology and fintech, and shifting of the registered office to Delhi were approved, all subject to shareholder and regulatory approvals.

Key Highlights

  • New statutory auditors appointed to fill casual vacancy.
  • Preferential issues of equity shares and warrants approved.
  • Company proposes name change to 'Rupia Tech Limited' or similar.
  • MOA alteration to focus on technology and fintech activities.
  • Registered office to be shifted from Telangana to Delhi.