Ratnaveer Precision Engineering Limited Plans Capital Increase and Rs 330 Crore Fundraise
Ratnaveer Precision Engineering Limited, formerly known as Ratnaveer Metals Limited, announced key resolutions passed by its Board of Directors on April 28, 2026. The board meeting considered significant updates regarding the company’s capital structure, plans for fundraising, and governance appointments.The board approved an increase in the Authorized Share Capital, shifting it from the existing Rs. 85,00,00,000 (Rupees Eighty Five Crores only) to Rs. 113,00,00,000 (Rupees One Hundred Thirteen Crore only). This also involves a consequent alteration of the capital clause V of the company's Memorandum of Association, subject to the approval of the company's members.
In a move aimed at corporate expansion, the company also approved raising funds up to Rs. 330 Crores. These funds can be generated through various permissible modes, including but not limited to Qualified Institutions Placements (QIP), Preferential Issue, Rights Issue, Private Placement, Bonds, Debentures, Follow-On Public Offer (FPO), Global Depository Receipts (GDR), and Foreign Currency Convertible Bonds (FCCB). This fundraising activity is subject to necessary regulatory and statutory approvals and the ultimate approval of the Shareholders of the Company by an Extra Ordinary General Meeting (EGM).
The board also designated the appointment of Mrs. Seema Vijay Sanghavi (DIN: 11046663) as an Additional Director, who will also serve as Executive Director. This appointment, recommended by the Nomination and Remuneration Committee, is for a period of five years, effective from April 28, 2026, to April 27, 2031, and is subject to Shareholder approval.
The company plans to convene an Extra Ordinary General Meeting (EGM) on Saturday, May 30, 2026, at 12:00 noon, conducted through VC/OAVM.
The proposed alteration in the company’s Authorized Share Capital details is as follows:
| Existing Authorized Share Capital | Proposed Authorized Share Capital |
|---|---|
| Rs. 85,00,00,000 (Eighty Five Crore only) | Rs. 113,00,00,000 (Rupees One Hundred Thirteen Crore only) |
| Consisting of 8,20,00,000 Equity Shares of Rs. 10 each and 30,00,000 Preference Shares of Rs. 10 each. | Consisting of 11,00,00,000 Equity Shares of Rs. 10 each and 30,00,000 Preference Shares of Rs. 10 each. |
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Company Details:
Company: Ratnaveer Precision Engineering Limited (Formerly Known as Ratnaveer Metals Limited)
Address: E-77, G.I.D.C. Savli (Manjusar), Dist. Vadodara - 391776. (Gujarat) India
Office: 703 8 704, "Ocean", Vikram Sarabhai Campus, Vadi Wadi, Vadodara-390023.
RATNAVEER Stock Price Movement
Today, Ratnaveer Precision Engineering Limited shares edged higher to close at ₹160.63, gaining 1.99% for the day. The stock settled at ₹160.63, supported by robust trading activity with 1.31 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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