Integra Switchgear's Board has approved a significant strategic move, proposing to increase its Authorized Share Capital to Rs. 225 Crore.

This supports the acquisition of 95% stake in South Korea's Magnatech Co. Ltd, an advanced battery and energy storage company with a 2025 turnover of Rs. 44.65 Crore.

The acquisition, valued at approximately Rs. 298.67 Crore, will occur via a share swap, expanding Integra's business into secondary battery and energy-storage solutions.

The Board also approved a preferential issue of shares worth Rs. 4.00 Crore to an Independent Director.

These proposals require shareholder approval at the upcoming Annual General Meeting.