Virat Industries Ltd has allotted 95.99 lakh equity shares at Rs. 104 each through preferential allotment to Mr. Bhavook Chandraprakash Tripathi, increasing the paid-up capital from Rs. 4.92 Cr to Rs. 14.52 Cr.

Mr. Tripathi will become a promoter of the company and gain control.

The Board has also approved changing the company name to Brahm Well-being & Lifestyle Corporation Limited, pending necessary approvals.

These moves signal a significant ownership and strategic shift, potentially impacting the company’s future direction and shareholder value.