Krishna Capital and Securities Ltd. Announces Board Meeting and Private Placement Proposal
Krishna Capital and Securities Ltd. (NSE: 539384) announced that a meeting of the Board of Directors is scheduled for March 26, 2026. Several key proposals will be considered during the meeting, including an increase in the company’s authorized capital and an alteration to its Memorandum of Association.The Board will also review and potentially approve a private placement of equity shares, adhering to the rules and regulations outlined in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. This proposal is subject to shareholder approval and necessary regulatory approvals.
Additionally, the Board is slated to consider and approve the draft notice for an Extraordinary General Meeting (EGM), including the explanatory statement, along with establishing a cut-off date, schedule of events, and arrangements for the EGM. A scrutinizer will be appointed to oversee the postal ballot voting process for the company's members.
In compliance with SEBI regulations, the trading window for company securities will be closed from March 23, 2026, and will remain closed until the conclusion of the Board meeting on March 26, 2026, reopening on March 29, 2026. This restriction applies to connected persons, officers, designated employees, insiders, directors, and their immediate relatives.
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