StockWatch
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Plastic Products - Industrial
Board Meeting14 Aug 2026, 08:03 pm

Pet Plastics Ltd Board Approves Preferential Issue of 4 Cr Warrants

AI Summary

Pet Plastics Ltd (now Bharatam Ventures Limited) announced that its Board of Directors has approved a preferential issue of up to 4,00,00,000 convertible warrants to promoters and non-promoters. The board also approved the unaudited 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.
  • Unaudited financial results for Q1 FY27 approved.
  • Authorized share capital increased to ₹40.5 crore.
  • Two new directors appointed to the board.
  • Company name changed to Bharatam Ventures Limited.