Karnika Industries Limited — Others, 25-07-2025: Shareholders meeting

Karnika Industries has announced an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for key initiatives. The company proposes to increase its Authorized Share Capital from 25 Cr to 70 Cr. A significant proposal is a 4:1 bonus share issue, allotting four new shares for every one held, by capitalizing up to 49.598 Cr from reserves. Additionally, the EGM will consider revising remuneration for its Managing and Whole-Time Directors up to 10 lakh per month each. Shareholders will also vote on approving material related party transactions with M/s Shree Garments, valued up to 50 Cr, essential for ongoing business operations.