Visaman Global Sales Limited — Others, 18-11-2024: Shareholders meeting

Visaman Global Sales Limited has announced a board meeting to discuss a postal ballot for members to approve a variation in the terms of the contract regarding the capital expenditure for setting up a manufacturing facility. The proposed location has shifted from Rajkot to Wankaner, Gujarat, with ₹721.89 crore allocated for this purpose. The company aims to enhance profitability through improved logistics and cost efficiencies. This update signals a positive outlook for shareholders as the strategic move is likely to bolster operational efficiency and reduce expenses. Remote e-voting will be available from November 22 to December 21, 2024.