StockWatch
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Iron & Steel Products
Board Meeting5 Sept 2026, 06:10 pm

P.M. Telelinnks Ltd Board Approves Capital Increase & Preferential Issue

AI Summary

P.M. Telelinnks Ltd announced outcomes from its Board Meeting held on September 5, 2026. The board approved a significant increase in authorized share capital from ₹12 crore to ₹27 crore, subject to shareholder approval. Additionally, they approved a preferential issue of up to 1.5 crore equity shares at ₹10 per share, aggregating up to ₹15 crore, to non-promoter allottees. The company also approved the appointment of Mr. Manish Manvani as a Registered Valuer and Corporate Makers Capital Limited as a Merchant Banker for the preferential issue. The notice for the 46th Annual General Meeting, including resolutions for these proposals, was also approved.

Key Highlights

  • Board approved increase in authorized share capital to ₹27 crore.
  • Approved preferential issue of 1.5 crore shares at ₹10 each.
  • Appointed Registered Valuer and Merchant Banker for the issue.
  • Notice for 46th AGM approved, including capital and issue resolutions.
  • All approvals are subject to shareholder and regulatory consent.