MBL Infrastructure Limited — Others, 03-02-2025: Shareholders meeting

MBL Infrastructure Ltd. has announced a board meeting to seek shareholder approval for key resolutions affecting its capital structure. The company proposes an increase in authorized share capital from ₹140 crore to ₹160 crore, enabling the issuance of up to 27,74,632 equity shares to unsecured creditors at an issue price of ₹61.10 per share. Additionally, Ms. Jyoti Mundra will be reclassified from the promoter group to the public category. This strategic move aims to improve financial stability by converting debts into equity, which may enhance investor sentiment due to the anticipated strengthening of the company's balance sheet.