
AGM/EGM2 Sept 2026, 04:50 pm
Shivalik Bimetal Approves Article of Association Amendment
AI Summary
Shivalik Bimetal Controls Ltd announced that its shareholders, through a special resolution at the Annual General Meeting held on September 02, 2026, have approved amendments to the Articles of Association. This amendment aims to provide greater flexibility for future capital raising initiatives and other corporate actions, including the issuance of various securities like equity shares, convertible securities, and warrants, in compliance with applicable laws. The company facilitated remote e-voting and e-voting at the AGM. The amendments are enabling in nature and do not authorize immediate issuance of securities, which will remain subject to statutory and regulatory approvals.
Key Highlights
- Shareholders approved amendment to Articles of Association.
- Enables future capital raising and corporate actions.
- Allows issuance of equity shares, convertible securities, warrants.
- Amendments are enabling, subject to further approvals.
Price Impact
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