Filtron Engineers Ltd — Others, 28-08-2025: AGM/EGM

Filtron Engineers is seeking shareholder approval for strategic capital changes. The company proposes to significantly increase its authorized share capital to Rs. 85 Crore. This enables the acquisition of Gabrielle Infra Speciality Private Limited (GISPL) for Rs. 45 Crore via equity shares and Rs. 19.209 Crore through preference shares, making GISPL a wholly-owned subsidiary. This acquisition will also lead to a change in Filtron's control, with new individuals becoming promoters and triggering an open offer. Furthermore, the company plans to raise an additional Rs. 15.90 Crore via a preferential equity share issue to non-promoters, bolstering working capital and funding subsidiary investments.