Nyssa Corporation Ltd Board Approves Major Share Capital Increase, Director Re-designation, and Key Financial Limits

Nyssa Corporation Ltd Board Approves Major Share Capital Increase, Director Re-designation, and Key Financial Limits​

Nyssa Corporation Ltd announced several significant outcomes from its Board of Directors meeting held on July 14, 2026. The board approved crucial operational changes, including the appointment of new auditors, the increase in borrowing limits, and a substantial increase in authorized share capital.

During the meeting, which commenced at 10:00 AM and concluded at 11:20 AM, several key corporate decisions were formalized. These included the adoption of the Notice and Directors Report, alongside approving the book closure period for the forthcoming Annual General Meeting (AGM). The AGM is scheduled to be held on Tuesday, August 11, 2026, at 3:00 P.M. IST via Video Conferencing or other Audio Visual Means.

Financial Restructuring and Appointments​

The board approved a significant increase in the company's financial capacity. The authorized share capital was increased to ₹ 55,00,00,000 (Rupees Fifty-Five Crore). This capital is divided into 55,00,00,000 Equity Shares of ₹ 1/- each, which rank pari passu in all respects with the existing equity shares as per the Memorandum and Articles of Association.

In matters related to borrowing and guarantees, the company approved increasing its limits up to 50.00 Crore under Section 180(1)(c) of the Companies Act, 2013. The board also sanctioned granting loans or providing guarantees or security up to 50.00 Crore under Section 185 of the Companies Act, 2013.

The meeting also approved the alteration and adoption of a new set of Articles of Association for the company.

Management and Audit Approvals​

Several appointments were ratified during the Board meeting:

• Auditor Appointments: M/s. Bihari Shah & Co., Chartered Accountants, Ahmedabad (FRN: 119020W) was approved as the Statutory Auditor for the first term of five years, replacing M/s. G P Sharma & Co. LLP, whose terms are due to expire after the next Annual General Meeting.
• Internal Audit: The appointment of Internal Auditors was approved, effective from October 1, 2026, through September 30, 2027.
• Key Personnel Designations: Mr. Sandeep Gaur (DIN: 05284870) was re-designated as Chairman and Managing Director of the Company for a period of three years. Ms. Isha Bothra (ACS No. A27531, C.P. No. 9949, Peer Review Certificate No. 2750/2022) was approved as the Secretarial Auditor for five years and also appointed as the Scrutinizer for the 45th Annual General Meeting.

The board meeting addressed all these matters relating to the company’s governance, financial operations, and future structure.

Stock Price Movement​

Nyssa Corporation Ltd shares are dipping as of 11:48, trading at ₹2.39, which reflects a 3.63% decline. The stock has seen movement within an intraday range, moving from a low of ₹2.35 up to a high of ₹2.48.