Corporate News Details

Umiya Tubes Limited seeks shareholder approval to rebrand and increase authorized share capital

(06-Oct-26   20:15)

Umiya Tubes Limited plans to change its name to either KRONMET INDUSTRIES LIMITED or SOMET INDUSTRIES LIMITED, reflecting a shift in business from tubes to tungsten-based products. The company is also proposing an increase in authorized share capital from Rs 30 crore to Rs 80 crore at its Annual General Meeting (AGM) scheduled for October 6, 2026. Shareholders will vote on these resolutions via electronic means through the CDSL e-voting platform or during the virtual AGM. Detailed instructions for e-voting are available, with a specific process outlined for shareholders with unregistered email or mobile numbers. The company’s website, along with the CDSL e-voting website, will publish the results following a report from the scrutinizer, Malay Desai & Associates.