Mos Utility Limited — Others, 13-06-2025: Shareholders meeting

MOS Utility Limited has announced a board meeting to hold an Extraordinary General Meeting to approve key actions including regularizing Mr. Paras Vinod Chhadwa as an Independent Director for five years, increasing authorized share capital from Rs. 50 Cr to Rs. 75 Cr, and appointing M/s Pranay Vaidya & Co as Secretarial Auditors. The company plans a 1:5 stock split (face value Rs. 10 to Rs. 2) followed by a 1:1 bonus issue, raise borrowing limits to Rs. 400 Cr, and allot up to 8.08 lakh equity shares preferentially to acquire stakes in two subsidiaries valued at Rs. 23.44 Cr. These steps aim to boost liquidity, expand into payment services, and support growth through acquisitions.