Pet Plastics Ltd — Dividend/Bonus, 08-08-2025: Corp. Action

Pet Plastics Ltd. will hold its 39th Annual General Meeting on August 28. Shareholders will vote on a strategic shift to rename the company to Bharat Ventures Ltd., reflecting its diversification beyond plastics into financial services, distribution, and investments. The agenda includes regularizing promoter and independent director appointments, appointing secretarial auditors, and seeking approvals for related party transactions up to ₹100 Cr. Notably, shareholders will consider divesting ₹2 Cr in advances to a promoter group entity for ₹0.35 Cr. The company also seeks approvals for creating charges on assets and increasing borrowing, loan, and investment limits, each up to ₹200 Cr, enabling future financial flexibility and growth initiatives.