Atmastco Limited — Others, 04-01-2025: Shareholders meeting

Atmastco Limited has announced a board meeting on January 27, 2025, to discuss an increase in its authorized share capital from ₹25 Crore to ₹30 Crore and the potential issuance of up to 34.35 lakh equity shares at ₹250.50 each, totaling ₹86.04 Crore, to select non-promoter entities. Additionally, the board proposed issuing 4.8 lakh convertible warrants to promoters at the same price, aggregating ₹12.02 Crore. The proceeds will support capital expenditure and working capital requirements in Defence and EPC sectors. This move may improve the company’s liquidity and enhance investor confidence, though it could dilute existing shareholder stakes.