Commercial Syn Bags Limited — Board Meeting, 14-12-2024: Outcome of Board Meeting

The Board of Commercial Syn Bags Limited has convened a meeting where it approved an increase in the authorized share capital from ₹40 crore to ₹42.5 crore, pending member approval at the upcoming Extra-Ordinary General Meeting (EGM). Additionally, the Board sanctioned the issuance of up to 20 lakh warrants at ₹72 each, convertible into equity shares at ₹10 per share, subject to special resolution approval at the EGM scheduled for January 10, 2025. The notice for the EGM has also been approved, with e-voting set from January 7 to January 9, 2025.