Increased the Authorized Share Capital of the Company from the Rs. 1,58,00,00,000/- (Rupees One Hundred and Fifty-Eight Crore Only) consisting of 1,58,00,000 (Fifteen Crore Eighty Lakh) ....
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The Board of Directors of Abate As Industries Ltd, at a meeting held on 15 October 2025, approved increasing the company's Authorized Share Capital from ₹158 crore (15.80 crore equity shares of ₹10 each) to ₹200 crore (20 crore equity shares of ₹10 each). The board also approved a Postal Ballot Notice to seek shareholder approval for this change and consequent amendment to the Capital Clause (Clause V) of the Memorandum of Association. A scrutinizer and e-voting facilitator have been appointed, with the cut-off date for member eligibility fixed as 17 October 2025. The increase in authorized capital is subject to shareholder approval via postal ballot.
This is a procedural corporate action that creates room for the company to potentially issue more equity shares in the future, but it does not result in any immediate dilution, dividend, bonus, or split. Shareholders should watch for a follow-up announcement on any actual fundraising or share issuance using the expanded capital base.