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

Sharat Industries' board deferred plans for capital raising, including preferential equity issues and a share swap, citing the need for further strategic evaluation. The company forfeited 2,41,174 partly paid-up shares due to unpaid call money. Key director re-appointments, including Mr. Harihar Venkata Muthyam as Independent Director, Mr. Prasad Reddy Sabbella as MD, and Mr. Sharat Reddy Sabbella as Whole-Time Director, were approved, pending shareholder consent. The authorized share capital is set to increase from ₹50 Cr to ₹60 Cr. Additionally, new Secretarial Auditors were appointed, and the record date for the final dividend and the 35th Annual General Meeting on September 27 was announced.