United Polyfab Gujarat Limited — Board Meeting, 21-12-2024: Outcome of Board Meeting

The Board of United Polyfab Gujarat Limited has approved several key decisions, including a proposed increase in authorized share capital from ₹25 Crore to ₹30 Crore, subject to shareholder approval. Additionally, the board has sanctioned a 1:5 split of equity shares, changing the face value from ₹10 to ₹2, also pending approval. A major highlight is the approval to raise funds up to ₹200 Crore through equity shares, aimed at loan repayments, working capital needs, and solar project setups. The board will seek shareholder consent for these resolutions via postal ballot.