Bharatam Ventures Approves Financials, Director Appointments, Capital Increase
Bharatam Ventures Limited (formerly Pet Plastics Ltd) announced the outcome of its board meeting held on August 14, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with limited review reports. Key decisions included the appointment of Mr. Ketan Ishwarlal Kataria and Mr. Pravin Shantaram Thigale as Additional Directors. The company also approved a significant increase in authorized share capital from ₹50,00,000 to ₹40,50,00,000, alteration of its Articles of Association to facilitate future securities issuance, and changes to its Memorandum of Association. Furthermore, a preferential issue of up to 4,00,00,000 Convertible Warrants was approved, subject to shareholder consent. The board also approved a change in the jurisdiction of the Registrar of Companies.
Key Highlights
- Board approved Q1 FY27 unaudited financial results.
- Two new directors appointed: Ketan Ishwarlal Kataria and Pravin Shantaram Thigale.
- Authorized share capital increased to ₹40.50 crore.
- Proposal for preferential issue of convertible warrants approved.
- Alterations to Articles and Memorandum of Association approved.
Price Impact
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