Mipco Seamless Rings Gujarat Ltd — Board Meeting, 29-05-2025: Board Meeting

Mipco Seamless Rings (Gujarat) Limited has announced a board meeting on which it approved the financial results for the quarter and half-year ended 31st March 2025 along with the statement of assets, liabilities, and cash flows for the fiscal year. The Board approved adoption of a new Memorandum of Association and Articles of Association aligned with the Companies Act, 2013, subject to member approval. It sanctioned increasing the authorised share capital from Rs 7 Cr to Rs 25 Cr, including equity and preference shares. The company plans to change its name to Mipco Limited and broaden its business into power generation and distribution, renewable energy projects, pollution control, and related services. Amarjit Rajbhar was appointed Chief Financial Officer, and M/s. Aravind Kumar K & Co. was appointed as Internal Auditor for FY 2025-26. The statutory auditors issued an unmodified opinion on these results.