Goldstar Power Limited — Others, 28-03-2025: Shareholders meeting

Goldstar Power Limited has announced a board meeting on April 24, 2025, to conduct an Extraordinary General Meeting (EOGM) via video conferencing. Key proposals include an increase in authorized share capital from ₹26 crore to ₹38 crore, allowing greater investment by Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), raising their investment limits from 10% to 24%, and a preferential issuance of up to 4.55 crore equity shares at ₹11 each for acquiring a 50% stake in Red Fire Shipping and Logistic LLC. This strategic move aims to enhance geographic footprint in the UAE and optimize logistics for battery products, potentially improving operational efficiency and profit margins. Investors may view the developments as a positive outlook, signaling growth and expansion opportunities.