Company Update

Virat Industries Ltd has announced a board meeting outcome approving the allotment of 95.99 lakh equity shares at Rs. 104 each to Mr. Bhavook Chandraprakash Tripathi, increasing the paid-up capital from Rs. 4.92 Cr to Rs. 14.52 Cr.

Post-allotment, Mr. Tripathi will gain control and become a promoter of the company.

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

This signals a strategic shift and potential new direction for the business.