Corporate Action28 Apr 2026, 05:41 pm
Ratnaveer to raise ₹330 Cr, increase capital, appoints director
AI Summary
Ratnaveer Precision Engineering Ltd's Board of Directors approved a significant increase in the company's Authorised Share Capital from ₹85 Crores to ₹113 Crores. Additionally, the board sanctioned raising funds up to ₹330 Crores through various permissible modes, including Qualified Institutions Placements (QIP), Preferential Issue, Rights Issue, or Follow-On Public Offer (FPO). These proposals are subject to shareholder approval at an Extra Ordinary General Meeting (EGM) scheduled for May 30, 2026. The board also approved the appointment of Mrs. Seema Sanghavi as an Additional Director, designated as Executive Director, for a five-year term effective April 28, 2026.
Key Highlights
- Board approved raising up to ₹330 Cr via various equity/debt instruments.
- Authorized share capital to increase from ₹85 Cr to ₹113 Cr.
- EGM scheduled for May 30, 2026, for shareholder approvals.
- Mrs. Seema Sanghavi appointed as Executive Director for 5 years.