Board Meeting14 Aug 2026, 08:13 pm
Pet Plastics Ltd Approves 4 Cr Warrants on Preferential Basis
AI Summary
Pet Plastics Ltd (now Bharatam Ventures Limited) board approved the issue of up to 4,00,00,000 Convertible Warrants on a preferential basis to promoters and non-promoters. The board also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, along with limited review reports. Additionally, the company approved the appointment of two new directors, an increase in authorized share capital from ₹50,00,000 to ₹40,50,00,000, and alterations to its Articles of Association and Memorandum of Association to facilitate future securities issuance. The meeting was held on August 14, 2026.
Key Highlights
- Board approved preferential issue of 4 crore convertible warrants.
- Company approved Q1 FY27 un-audited financial results.
- Authorized share capital increased to ₹40.50 crore.
- Two new directors appointed to the board.
- Alterations to MoA and AoA approved for future issuances.
Price Impact
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