Keto Motors Schedules Board Meeting for Equity Allotment

Keto Motors Limited (formerly Taaza International Limited) has convened a Board of Directors meeting on Friday, March 13, 2026, at its registered office located at 9-1-83 & 84 Amarchand Sharma Complex, Sarojini Devi Road, Secunderabad, Hyderabad, Telangana 500003.

Key Agenda Items

The primary focus will be the allotment of equity shares to shareholders of Keto Motors Private Limited pursuant to a Scheme of Arrangement between Keto Motors Private Limited (Transferor Company) and Keto Motors Limited (Transferee Company). This follows the Resolution Plan approved by the Hon'ble NCLT, Hyderabad Bench via Order dated June 12, 2025.

The allotment ratio is set at 3:2, meaning three equity shares of face value Rs.10/- each of Keto Motors Limited will be issued for every two equity shares of face value Rs.10/- each held by members in Keto Motors Private Limited as on the Record Date of March 13, 2026. The meeting will also consider any other business with the Chair's permission.

Source : Equity Bulls

Keywords

KetoMotors BoardMeeting SharesAllotment