Abate As Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/10/2025 ,inter alia, to consider and approve 1)Increase in authorized ....
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Abate As Industries has called a board meeting on 15 October 2025. The main item on the agenda is increasing the company's authorized share capital from ₹158 crore to ₹200 crore, a jump of ₹42 crore. Since this change requires shareholder approval, the board will also issue a postal ballot notice and decide the cut-off date for voting. Additionally, an e-voting agency and a scrutinizer (M/s. Lakshmmi Subramanian & Associates) will be appointed for the postal ballot process.
This is a capacity-building move — it expands the ceiling on how much capital the company can raise later but does not result in any immediate dilution or new shares being issued. Shareholders will get to vote on the proposal via postal ballot.