Chaman Metallics Limited — Others, 02-08-2025: Shareholders meeting

Chaman Metallics has called an Extra Ordinary General Meeting on August 25 to seek shareholder approval for key strategic moves. The company aims to triple its authorized share capital from Rs 25 Cr to Rs 75 Cr, setting the stage for future capital infusions. It also seeks to significantly boost its overall borrowing capacity from Rs 500 Cr to Rs 2,000 Cr. Additionally, the company proposes to formalize significant related party transactions, including crucial raw material and product exchanges with group entities, and enable borrowing up to Rs 1,000 Cr from related parties. These proposals are vital for Chaman Metallics to support its growth initiatives, ensure operational stability, and enhance financial flexibility for future business objectives.