StockWatch
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Iron & Steel Products
Corporate Action4 Jun 2026, 03:50 pm

Ratnaveer Precision Engineering Increases Authorized Share Capital

AI Summary

Ratnaveer Precision Engineering Ltd announced the approval from its members to alter the Memorandum of Association (MOA) following an increase in the company's authorized share capital. The authorized share capital has been revised from Rs. 85 crore to Rs. 113 crore. This change was approved via an ordinary resolution passed at the Extraordinary General Meeting (EGM) held on May 30, 2026. The alteration specifically impacts Clause V of the MOA, reflecting the new authorized capital structure.

Key Highlights

  • Authorized share capital increased from Rs. 85 crore to Rs. 113 crore.
  • Memorandum of Association (MOA) Clause V has been altered.
  • Approval obtained through an ordinary resolution at the EGM.
  • The change was effective from the EGM held on May 30, 2026.