Pattech Fitwell Tube Components Limited — Others, 04-07-2025: Shareholders meeting

Pattech Fitwell Tube Components Limited has announced a board meeting to consider an Extraordinary General Meeting (EGM) to approve increasing its authorized share capital from ₹10 Cr to ₹12.5 Cr, enabling the issue of additional equity shares. The company proposes a preferential allotment of up to 18.98 lakh equity shares at ₹77.50 each to various non-promoter investors, aiming to raise approx. ₹14.71 Cr. It also plans to issue up to 24.59 lakh fully convertible warrants at the same price, primarily subscribed by promoters and non-promoters, targeting ₹19.06 Cr. The proceeds are intended for working capital, capacity expansion, loan repayment, and strategic growth. The allotments will not change company control, and shares/warrants will be subject to regulatory lock-ins and will rank equally with existing shares. Voting and participation in the EGM will be conducted via video conferencing with remote e-voting facilitated by NSDL.