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The company's board has approved a significant capital increase, raising authorized share capital from Rs. 7.50 Crore to Rs. 64.00 Crore. This facilitates the 100% acquisition of Blisstering Electronics (FY26 turnover Rs. 164.70 Cr) and Bliss Cab Electronics (FY26 turnover Rs. 1.31 Cr) through a share swap. A preferential issue of 5.68 Crore equity shares at Rs. 14 each, totaling Rs. 79.45 Crore, will be issued as consideration. Separately, two Independent Directors, the Statutory Auditor, and the Secretarial Auditor have resigned. The board appointed new Statutory and Secretarial Auditors, an Independent Director, and changed an Executive Director's designation to Non-Executive.
All announcements from Ishaan Infrastructures and Shelters Ltd