Mumbai, June 7 -- The Board of Ratnaveer Precision Engineering at its meeting held on 06 June 2025 has approved to increase authorised share capital from Rs 65 crore to Rs 85 crore.

The board also approved amendment in Clause 3 (B) of the Memorandum of Association of the Company by inserting new ancillary object.

"Subject to the provisions of the Companies Act, 2013 and the Articles of Association, to lend or deposit moneys or grant loans belonging to or entrusted to or at the disposal of the Company to such person or company or entities and in particular to customers and others having dealings with the Company with or without security, upon terms as may be thought proper and guarantee the performance of contracts by such person or comp...