Rotographics Approves Name Change, Share Split, and ₹100 Crore Borrowing Limit Increase

Rotographics Approves Name Change, Share Split, and ₹100 Crore Borrowing Limit Increase​

Rotographics (India) Limited announced several major corporate decisions following its Board Meeting held on July 10, 2026. The company approved a proposal to change its name, increase authorized share capital, and implement a significant stock split, alongside approving strategic investments in the aluminium industry.

The Board considered and approved the approval of the Company’s Financial Year Ended March 31, 2026 Report. Key outcomes approved by the directors included granting loans, providing guarantees, offering securities, and making investments up to Rs. 100 crore. The Board also sanctioned an increase in the borrowing limits under Section 180(1)(c) of the Companies Act, 2013, up to a total of ₹100 crore, pending shareholder approval at the forthcoming Annual General Meeting (AGM).

Corporate Restructuring and Identity Change​

The company approved a significant change in its corporate identity. The proposal includes changing the name from "ROTOGRAPHICS (INDIA) LIMITED" to "NOVALUM MATERIALS LIMITED," a move intended to better reflect the Company’s long-term vision and business activities, subject to shareholder approval.

In terms of capital structure, the Board approved an increase in Authorized Share Capital from the existing ₹25 crore to ₹40 crore. This increase includes changing the number of shares from 2,50,00,000 equity shares (with a face value of ₹10) to 4,00,00,000 equity shares (also with a face value of ₹10).

Furthermore, the Board approved the sub-division or split of its existing fully paid up equity shares. The proposal involves splitting one equity share having a face value of Rs. 10/- into five equity shares, each with a face value of Rs. 2/-, subject to shareholder approval.

The pre and post-split authorized share capital details are as follows:

Strategic Investment and Related Party Transaction​

The Board also sanctioned a strategic investment in the acquisition of Teneron Limited. The company approved acquiring a stake of not more than 51% of the expanded paid-up equity capital of Teneron Limited through cash consideration.

Teneron Limited is an advanced non ferrous metal recycling company specializing in producing Aluminium Alloy Ingots and supplying Molten Aluminium. As per its latest audited financial statement as on March 31, 2025, the Revenue from Operation of Teneron Limited stood at Rs. 7080.04 Crore. The strategic objective of this acquisition is to foray into the business of non-ferrous metal.

The Board also approved a Material Related Party Transaction with Teneron Limited, allowing for an aggregate transaction amount up to Rs. 250 crore over a one year period, starting from the AGM held on August 6, 2026.

Operational and Governance Updates​

The company also approved the shifting of its registered office within Delhi. The new address is located at 138-139, Main Road, Ghazipur, Near Patparganj Container Depot/Near Bharat Petrol Pump, Delhi - 110096, with effect from July 13, 2026.

The Board approved the notice for the 51st Annual General Meeting (AGM), scheduled to be held on August 6, 2026. Mr. Vivek Kumar, Proprietor of V Kumar & Associates, was appointed as the Scrutinizer for this AGM.

Stock Price Movement​

Rotographics (India) Ltd settled at ₹267.15 on Friday, ticking up 1.99% from the previous close. The stock maintained a completely locked intraday range throughout the session, as both the high and low registered at ₹267.15.