Ratnaveer to raise ₹330 Cr, increase authorized capital to ₹113 Cr

Ratnaveer Precision Engineering Ltd's Board of Directors, at their meeting on April 28, 2026, approved a significant increase in the company's authorized share capital from ₹85 Crores to ₹113 Crores. This change, along with the alteration of the Memorandum of Association, is subject to shareholder approval. The Board also approved raising funds up to ₹330 Crores through various permissible modes, including Qualified Institutions Placements (QIP), Preferential Issue, Rights Issue, Private Placement, Bonds, Debentures, Follow-On Public Offer (FPO), Global Depository Receipts (GDR), or Foreign Currency Convertible Bonds (FCCB). An Extra Ordinary General Meeting (EGM) will be convened on May 30, 2026, to seek shareholder consent for these proposals. Additionally, Mrs. Seema Vijay Sanghavi was appointed as an Additional Director, designated as Executive Director, for a five-year term, effective April 28, 2026, also subject to shareholder approval.