Sah Polymers Limited — Others, 15-05-2025: Shareholders meeting

Sah Polymers Limited has announced a board meeting to hold an Extra-Ordinary General Meeting for key approvals supporting strategic shifts. The company plans to diversify into real estate, technology-driven infrastructure, and new business areas by amending its object clause and increasing authorised share capital to Rs. 34 Cr. It proposes a name change to “Aeroflex Neu Limited” to align with its growth strategy. Sah Polymers will disinvest its entire 51% stake in Fibcorp Polyweave Pvt Ltd and seek approval to borrow up to Rs. 500 Cr with asset security. It plans to issue 72 lakh fully convertible warrants worth Rs. 64.8 Cr to raise funds and approve related-party transactions totaling Rs. 240 Cr with Lion Houseware and Safe Polymer Pvt Ltd. Harikant Turgalia is proposed as a Non-Executive Non-Independent Director. These steps reflect a capital restructuring to support expansion into new sectors and enhance operational flexibility.