Siyaram Recycling Board Approves Share Capital Increase
Siyaram Recycling Industries Ltd's Board of Directors met on July 29, 2026, and approved a significant increase in the company's authorized share capital. The capital will be raised from ₹25 crore to ₹45 crore by creating an additional 2 crore equity shares of ₹10 each. This move is subject to shareholder approval. The board also approved the notice for a postal ballot to facilitate this change and alter the Memorandum of Association. Additionally, the board noted the resignation of Ms. Kesha Ravi Shah as Company Secretary and Compliance Officer, effective July 31, 2026, and appointed CS Samoil Akilbhai Lokhandwala as her replacement, effective August 1, 2026. A cut-off date of July 24, 2026, was fixed for postal ballot voting entitlements, with e-voting scheduled from July 31 to August 29, 2026.
Key Highlights
- Authorized share capital increased from ₹25 crore to ₹45 crore.
- Approval for creation of additional 2 crore equity shares.
- Postal ballot notice approved for capital increase and MOA alteration.
- Company Secretary and Compliance Officer resigned and a new one appointed.
- Cut-off date set for July 24, 2026, for postal ballot voting.
Price Impact
More from SIYARAM