Vivaa Tradecom Ltd Board Approves Capital Increase and Operational Limit Enhancements
Vivaa Tradecom Ltd held a Board of Directors meeting on July 10, 2026, during which it approved several key operational enhancements and material changes regarding its capital structure. The company also set the date for its upcoming Annual General Meeting (AGM).Key resolutions passed by the Board included approval of the Director's Report for the financial year ended March 31, 2026. Furthermore, the board considered and took note of the Secretarial Audit Report presented by M/s RPSS & Co., Practicing Company Secretary, regarding the same period.
The Board also sanctioned significant increases in corporate limits. Specifically, approval was granted for an increase in borrowing powers under Section 180(1)(c) of the Companies Act, 2013, and an increase in the limits concerning loans and investments by the company under Section 186 of the Companies Act, 2013.
Capital Structure Alteration Approved
One of the material business outcomes was the approval to increase the authorized share capital of the company and modify the Capital clause of its Memorandum of Association (MOA), pending shareholder approval.The amendment specifically relates to the Authorized Share Capital, which has been altered as detailed below:
| Feature | Earlier Clause Details | Amended Clause Details |
|---|---|---|
| Authorized Share Capital | Rs. 8,00,00,000 (Rupees Eight Crore Only) | Rs. 11,00,00,000 (Rupees Eleven Crore Only) |
| Shares | 80,00,000 Equity Shares of Rs. 10/- each | 1,10,00,000 Equity Shares of Rs. 10/- each |
AGM and Professional Appointments
The Board meeting also addressed the logistical arrangements for the company's upcoming Annual General Meeting (AGM). The draft notice for the AGM was approved, scheduled to take place on Friday, August 7, 2026, at 11:30 A.M.For remote e-voting purposes, the Record Date for determining member eligibility was set as July 31, 2026. Central Depository Services (India) Limited (CDSL) was approved to act as the E-Voting Agency for the AGM. M/s RPSS & Co., Practicing Company Secretary, Ahmedabad was appointed by the Board as Scrutinizers for remote e-voting and voting at the 16th Annual General Meeting of the company.
Secretarial Auditor Appointed
The Board also approved the appointment of M/s RPSS & Co., Practicing Company Secretaries from Ahmedabad, to serve as the Secretarial Auditor of Vivaa Tradecom Ltd for the financial year 2026-27. M/s RPSS & Co., which was formed in 2023, provides services related to Corporate Legal Compliance, Secretarial Audit, and Corporate Governance Audit among other specialized areas.Stock Price Movement
As of 10:14, Vivaa Tradecom Ltd shares are ticking up at ₹90.00, reflecting a gain of 1.42%. The stock is currently locked as it has traded completely flat, hitting its high and low point at ₹90.00.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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