Rotographics India to Rebrand as Novalum Materials Ltd
Rotographics (India) Ltd announced a significant rebranding initiative, with its Board of Directors approving the change of company name to Novalum Materials Limited. This decision was made during a board meeting held on July 10, 2026. The company also approved several other key proposals, including increasing borrowing limits up to ₹100 crore, increasing authorized share capital from ₹25 crore to ₹40 crore, and a sub-division of equity shares from ₹10 to ₹2. Additionally, the board approved a strategic investment to acquire up to 51% of Teneron Limited and a material related party transaction with Teneron Limited up to ₹250 crore. All these changes are subject to shareholder approval at the upcoming Annual General Meeting.
Key Highlights
- Company name change approved from Rotographics (India) Ltd to Novalum Materials Ltd.
- Board approved increasing borrowing limits and authorized share capital.
- Strategic investment in Teneron Limited for up to 51% stake approved.
- Equity shares to be sub-divided from ₹10 to ₹2 face value.
- Material related party transaction with Teneron Limited approved up to ₹250 crore.
Price Impact
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