Latest news about MSCTC
MSCTC
50.94
-1.02(-1.96%)
Company Performance:
View Company Insights1D-1.96%
1M-10.88%
6M-48.75%
1Y-32.40%
5Y0.00%
More news about MSCTC
05Nov 25
Mardia Samyoung Capillary Tubes' Statutory Auditor Resigns, New Appointment Made
MSCTC's current auditor, M/s Agrawal & Agrawal Associates, has resigned effective November 3, 2025, citing pre-occupation with other work. The Board has appointed M/S. S K BHAVSAR & CO. as the new Statutory Auditors from the same date until the next General Meeting. The resigning auditor had been appointed for a 5-year term from September 30, 2022, to AGM 2026-27. Their last audit report for FY ended March 31, 2025, had an unmodified opinion. The new auditor, described as a team of young professionals, offers services in tax consultancy, auditing, accounts, corporate laws, and project finance.
05Nov 25
Mardia Samyoung Capillary Tubes Appoints New Statutory Auditor Amid Recent Resignation
MSCTC has appointed M/S. SK Bhavsar & Co. Chartered Accountants as its new statutory auditor until the next general meeting, following the resignation of M/s Agrawal & Agrawal Associates due to other professional commitments. The appointment was approved by the board based on the audit committee's recommendation. A clerical error in the initial board meeting outcome was corrected in a revised statement.
03Nov 25
Mardia Samyoung Capillary Tubes Announces Auditor Resignation and New Appointment
MSCTC has disclosed changes in its statutory auditor position. M/s Agrawal & Agrawal Associates resigned due to preoccupation, effective November 3, 2025. The Board appointed M/s. S K Bhavsar & Co. as the new Statutory Auditors until the next Annual General Meeting. The new firm offers services including tax consultancy, auditing, and corporate law compliance across India.
28Oct 25
Mardia Samyoung Capillary Tubes Plans Rs 97.87 Crore Warrant Issue
MSCTC has announced plans to issue 7.25 crore fully convertible equity warrants on a preferential basis, aiming to raise Rs 97.87 crore. The warrants, priced at Rs 13.50 each, will be convertible into equity shares within 18 months of allotment. The issue includes 1.31 crore warrants for the promoter entity and the rest for 16 individual investors. Funds will be used for working capital. Post-conversion, promoter shareholding may decrease from 63.03% to 22.00%. The warrant issue is subject to shareholder approval at an EGM scheduled for October 29, 2025.
24Sept 25
Mardia Samyoung Capillary Tubes Approves Rs. 97.88 Crore Warrant Issue, Increases Authorized Share Capital
MSCTC, an Indo-Korean joint venture, has approved significant corporate actions. The company will increase its Authorized Share Capital from Rs. 29.45 crores to Rs. 80.00 crores. Additionally, MSCTC plans to issue 7.25 crore fully convertible equity warrants at Rs. 13.50 each through preferential allotment, potentially raising Rs. 97.88 crores. Torextron Ventures Private Limited is set to become the majority shareholder with a 63.03% stake upon full conversion. The warrants are convertible within 18 months, with 25% upfront payment required. The issue involves 17 investors and is subject to shareholder and regulatory approvals.
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50.94
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