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Promax Power informs about outcome of board meeting

14 Nov 2024 Evaluate
Promax Power has informed that the Board of Directors of the Company at their meeting held on November 14, 2024, has considered and approved the following matters: Increase in the Authorized Share Capital of the Company from Rs 25,00,00,000 (Rupees Twenty Five Crore only) divided into 2,50,00,000 (Two Crore Fifty Lakh) Equity Shares of Rs 10 each to Rs 30,00,00,000 (Rupees Thirty Crore only) divided into 3,00,00,000 (Three Crore) Equity Shares of Rs 10 each by creating additional 50,00,000 (Fifty Lakh) Equity Shares of Rs 10 each, subject to the approval of the members of the Company in their ensuing general meeting of the Company; Holding of an Extra-ordinary general meeting of the Company on December 25, 2024; Considered and approve migration of the company from BSE SME platform to BSE Main Board platform subject to shareholder approval; The board has considered not to raise fund till the Company gets migrated to Main Board; Considered and approved to regularize Shilpi Jain as Independent Director subject to approval of members. The Board of Directors in their meeting held today, have taken on record the Standalone Unaudited Financial Results for the quarter ended on 30th September, 2024. Enclosed copy of the said Standalone Unaudited Financial Results for the quarter and Half year ended on 30th September, 2024 along with Limited Review Report thereon. The Board Meeting commenced at 1:00 pm and concluded at 04:40 pm.

The above information is a part of company’s filings submitted to BSE.

Promax Power Share Price

17.00 0.00 (0.00%)
08-Apr-2026 16:59 View Price Chart
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