Sarbottam Steels Limited has called a Special General Meeting (SGM) on Asar 25 to approve the issuance of 50% rights shares and amend provisions related to the company’s increased capital structure.
Sarbottam Steels Limited has announced that it will hold a Special General Meeting (SGM) on Asar 25 at 11:00 AM at its own office premises. The main agenda of the meeting is to seek shareholder approval for issuing rights shares at a 1:0.50 ratio, meaning shareholders will be entitled to purchase one additional share for every two shares they currently hold, representing 50 percent of the existing paid-up capital.
Along with the rights share issuance, the company has also proposed to amend relevant provisions related to the increase in issued and paid-up capital following the rights issue. These amendments will also be presented for approval during the meeting.
If approved, the rights issuance will provide an opportunity for existing shareholders to increase their stake in the company, while supporting the company’s capital expansion.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
