Karnika Industries Limited — Board Meeting, 15-07-2025: Outcome of Board Meeting

Karnika Industries' Board has approved a significant capital increase from Rs 25 Cr to Rs 70 Cr. The company also announced a 4:1 bonus share issue, meaning 4 new shares for every 1 held. This move facilitates their planned migration from NSE Emerge to the Main Board of NSE. Shareholder approvals are sought at an Extra-Ordinary General Meeting on August 18, 2025. Additionally, the board approved an increase in monthly remuneration for the MD and two Whole-Time Directors from Rs 8 Lakhs to Rs 10 Lakhs, effective April 1, 2025, and certain related party transactions, all pending shareholder approval.