Back
Corporate News
Company launches Rs 20 preferential share offering, appoints Marathe as Managing Director for five years
29-Jul-2026, 05:02
The company is undertaking a preferential share offering priced at Rs 20 per share, including a Rs 10 premium, to raise capital, with the price determined as of July 22, 2026. A compliance certificate from M/S Ramesh Chandra Bagdi & Associates confirms adherence to SEBI ICDR Regulations, and the company affirms it is not a willful defaulter or fraudulent borrower. Simultaneously, Atul Ankush Marathe, previously a director, has been appointed Managing Director for a five-year term effective August 21, 2026, with remuneration as per the Companies Act, 2013. The Board, which met on July 24, 2026, recommends approval of the resolutions and believes the offering is in the company's best interest.
The company is undertaking a preferential share offering priced at Rs 20 per share, including a Rs 10 premium, to raise capital, with the price determined as of July 22, 2026. A compliance certificate from M/S Ramesh Chandra Bagdi & Associates confirms adherence to SEBI ICDR Regulations, and the company affirms it is not a willful defaulter or fraudulent borrower. Simultaneously, Atul Ankush Marathe, previously a director, has been appointed Managing Director for a five-year term effective August 21, 2026, with remuneration as per the Companies Act, 2013. The Board, which met on July 24, 2026, recommends approval of the resolutions and believes the offering is in the company's best interest.