Libas Consumer Products Limited announced the outcome of its Board of Directors meeting held on June 2, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026, including both standalone and consolidated statements, along with the auditor's report. The company also approved the appointment of M/s. Sabadra & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-2027. Furthermore, the Board sanctioned a plan to raise funds amounting to ₹14.50 crore through a Rights Issue of equity shares. This issuance is subject to necessary regulatory and statutory approvals. The company also approved an increase in its authorized share capital from ₹28 crore to ₹40.60 crore, pending shareholder approval via a postal ballot. A Rights Issue Committee has been constituted to oversee the process, comprising Mr. Riyaz Ganji, Mr. Nishant Mahimtura, and Mr. Ashish Dubey. M/s SARK & Associates LLP has been appointed as the scrutinizer for the postal ballot. The board meeting commenced at 7:40 p.m. and concluded at 9:07 p.m.
