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.
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