StockWatch
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Aluminium, Copper & Zinc Products
AGM/EGM15 Oct 2026, 02:05 pm

Sharvaya Metals EGM: Increase Authorized Capital, Preferential Issue

AI Summary

Sharvaya Metals Limited will hold an Extra-Ordinary General Meeting (EGM) on November 06, 2026, via video conferencing. The EGM will consider two key proposals: 1. To approve an increase in the company's authorized share capital from INR 11.10 Crore to INR 15.00 Crore. This involves altering the Memorandum of Association. 2. To consider and approve the offer, issue, and allotment of equity shares on a preferential basis. The details of the preferential issue, including the quantum and pricing, are expected to be discussed and approved during the meeting, subject to regulatory compliance.

Key Highlights

  • EGM scheduled for November 06, 2026, via VC/OAVM.
  • Proposal to increase authorized share capital from ₹11.10 Cr to ₹15.00 Cr.
  • Proposal to approve equity shares issuance on a preferential basis.
  • Alteration of Memorandum of Association to be considered.
  • Shareholders to vote on these significant corporate actions.