Umiya Tubes Limited shareholders to vote on rebranding and share capital increase Back
<p>Umiya Tubes Limited, potentially rebranding to either KRONMET INDUSTRIES LIMITED or SOMET INDUSTRIES LIMITED, will hold its Annual General Meeting on a date to be confirmed, following a notice issued September 24, 2026. The meeting agenda includes the approval of financial statements, the re-appointment of Whole Time Director Viral Deepak bhai Ranpura, who will receive an annual remuneration of Rs 15,00,000, and the appointment of M/s A H Mandaliya & Associates as statutory auditors for five years at a fee of Rs 4,00,000 plus taxes. Shareholders will also vote on a special resolution to alter the company’s memorandum of association to reflect a shift in business from tubes to tungsten-based products, and an ordinary resolution to increase the authorized share capital from Rs 30,00,00,000 to Rs 80,00,00,000. Further details are available at www.umiyatubeslimited.in.</p>