The company has announced the passing of key shareholder resolutions via postal ballot, including amendments to its Articles of Association to permit capitalization of profits.

It approved an issue of bonus shares by capitalizing up to ₹6.04 Crore from reserves, with a ratio of 3 bonus shares for every 2 held.

The authorized share capital has been increased from ₹10 Crore to ₹11 Crore by adding 1 crore equity shares of ₹1 each, and consequential amendments were made to the Memorandum and Articles of Association.

These changes strengthen the company’s equity base and enhance shareholder value.