
Board Meeting28 Jul 2026, 03:56 pm
Shentracon Chemicals to change name to Midaas Fashions, shift office
AI Summary
Shentracon Chemicals Ltd announced outcomes of its Board Meeting held on July 28, 2026. Key approvals include the Annual Report for FY26, and the notice for the 33rd Annual General Meeting scheduled for August 21, 2026. The company proposed a name change to Midaas Fashions Limited, subject to approvals. It also plans to shift its registered office from West Bengal to Maharashtra. Further approvals were granted for sub-division of equity shares (Rs. 10 to Rs. 5), restructuring of preference share capital, and proposals for loans, investments, guarantees, and securities under Sections 186 and 185 of the Companies Act, 2013, up to ₹50 crore each.
Key Highlights
- Board approved name change to Midaas Fashions Limited.
- Registered office to shift from West Bengal to Maharashtra.
- Equity shares to be sub-divided from Rs. 10 to Rs. 5 face value.
- Approved loans/investments up to ₹50 crore under Sec 186.
- Approved loans/guarantees up to ₹50 crore under Sec 185.
Price Impact
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