Cospower Engineering News

Cospower Engineering EGM Passes All Six Resolutions

Cospower Engineering Limited successfully conducted its EGM on December 19, 2025, with all six special resolutions passed unanimously, including share capital increase and director remuneration approvals.

Cospower Engineering Calls EGM for Capital Increase and Preferential Share Issue

Cospower Engineering Limited has scheduled an Extraordinary General Meeting on December 19, 2025, to approve increasing authorized share capital from Rs. 1.75 crore to Rs. 2 crore and issuing 1,62,000 equity shares at Rs. 990 per share to raise Rs. 16.04 crore through preferential allotment. The company also seeks approval for revised remuneration packages for its directors, with the funds intended for capital expenditure, working capital requirements, and general corporate purposes.

CosPower Engineering Approves Rs. 16.04 Crore Preferential Issue and Executive Pay Hikes

CosPower Engineering's board approved issuing 1.62 lakh equity shares at Rs. 990 each to raise Rs. 16.04 crore from non-promoter investor Swapna Gunda, while also increasing authorized share capital from Rs. 1.75 crore to Rs. 2 crore. The company simultaneously approved significant remuneration increases for key executives from Rs. 18.07 lakhs to Rs. 43.75 lakhs annually, with all decisions requiring shareholder approval at an extraordinary general meeting scheduled for December 19, 2025.

Cospower Engineering Reports Rs 225.93 Lakh Net Profit for Half-Year Ended September 2025

Cospower Engineering Limited's Board approved unaudited financial results showing net profit of Rs 225.93 lakh for the half-year ended September 30, 2025, compared to Rs 99.39 lakh loss in the previous corresponding period. The company's revenue from operations increased to Rs 2,513 lakh from Rs 2,055 lakh, while total assets grew to Rs 5,692.66 lakh from Rs 5,346.53 lakh as of March 2025.