Chemtech Industrial Valves' Board approved increasing its investment and lending limits to Rs. 100 Crore, enabling the pursuit of business objectives and growth opportunities.

The Board also approved altering the company's Memorandum of Association to add new business areas like Steel, Thermal Power, and Renewable Energy sectors, aiming for strong growth potential.

Both proposed changes are subject to shareholder approval.

An Annual General Meeting will be convened to seek shareholder consent for these important strategic proposals.