ImportantCompany Update

Ishaan Infrastructures' board has approved a significant strategic expansion.

Ishaan Infrastructures and Shelters Ltd540134 · Filed with the exchange

The company will acquire 100% of Blisstering Electronics and Bliss Cab Electronics, valued at ₹79.45 Cr, via a share swap, issuing 5.68 Cr new shares at ₹14 each.

Blisstering Electronics reported ₹164.69 Cr turnover, and Bliss Cab ₹1.31 Cr, signaling Ishaan's entry into electronic components and cables.

The board also increased authorized share capital to ₹64.00 Cr, appointed new statutory and secretarial auditors, and a new independent director following multiple resignations.

An executive director also transitioned to a non-executive role.

Read the original filing(PDF)

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