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Public sector HMT is holding its Extra Ordinary General Meeting on June 21 to increase the authorised share capital of the company.
The board of directors, at its meeting held on May 29, has approved the increase in authorised share capital from Rs 1,450 crore to Rs 2,100 crore by amending Clause V of the Memorandum of Association and Article 4 of the Article of Association of the company.
The revival and restructuring plans of the company had been recently approved by the Central Government based on the recommendations of the Board for Reconstruction of Public Sector Enterprises (BRPSE).
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