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- Important
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Pratiksha Chemicals will hold an Extraordinary General Meeting on Friday, February 20, to approve significant strategic changes. The company proposes to change its name to VELLORA IMPACT LIMITED and diversify into IT, debt recovery, precious metals, laminates, and agricultural products. Shareholders will also vote on appointing directors, increasing authorized share capital from ₹7.50 Cr to ₹32 Cr, raising borrowing limits to ₹200 Cr, and expanding investment/loan capacity to ₹200 Cr. Additionally, the company plans a preferential issue of warrants and equity shares totaling approximately ₹56 Cr to fund growth, including loan repayment and subsidiary investments.