MITCON Consultancy & Engineering Services Limited — Board Meeting, 28-07-2025: Outcome of Board Meeting

MITCON's board approved converting 39.8 lakh partly paid shares to fully paid equity shares after receiving the final call money of ₹57/share, totaling ₹22.69 Cr. However, 2.61 lakh partly paid shares were forfeited due to non-payment. This resulted in the paid-up capital increasing from ₹13.44 Cr to ₹17.42 Cr.

In a strategic move, the board also approved establishing two new wholly-owned subsidiaries: MITCON Water Ltd (for water treatment/management) and MITCON Soil Health Ltd (for soil health management). Each new venture will have a nominal initial investment of ₹0.01 Cr, signaling diversification into sustainability-focused sectors.