Sharat Industries Ltd — Important, 02-09-2025: Company Update

Sharat Industries' Board deferred capital raising plans, including preferential share issues, to re-evaluate funding and strategy. It also forfeited 2,41,174 partly paid-up shares due to unpaid call money. For leadership continuity, the re-appointments of Mr. Harihar Venkata Muthyam as Independent Director, and Mr. Prasad Reddy Sabbella (Managing Director) and Mr. Sharat Reddy Sabbella (Whole-Time Director) for new five-year terms were approved. The Board proposes to increase authorized share capital from 50 Cr to 60 Cr. These key decisions, along with the appointment of new Secretarial Auditors and consideration of a final dividend, await shareholder approval at the upcoming Annual General Meeting.