MM Forgings Ltd. Schedules Board Meeting to Consider Fundraising and Capital Increase
MM Forgings Ltd. announced that a meeting of its Board of Directors is scheduled for Wednesday, March 25, 2026. The meeting will focus on several key initiatives, including a potential fundraising effort through equity shares or other eligible securities, potentially utilizing a Qualified Institutional Placement (QIP).The Board will also consider an increase in the company’s authorized share capital, requiring alterations to the Memorandum of Association and/or Articles of Association, pending shareholder and regulatory approvals.
Shareholder approval for these matters will be sought through an Extraordinary General Meeting or postal ballot.
In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for the company's securities will be closed immediately and will reopen 48 hours after the conclusion of the board meeting. The announcement is also available on the company's website at www.mmforgings.com.
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