Rathi Steel plans to increase authorised captial by Rs 25 cr

The board of directors of Rathi Steel & Power on Thursday decided to convene an extraordinary general meeting on March 30 to seek shareholder nod for increase in authorised capital by ₹25 crore. The company will also seek shareholder approval for an issue of redeemable cumulative/non-convertible preference shares for cash or consideration other than cash. The stock of Rathi Steel & Power gained 1 per cent at ₹3.98 on the BSE.