Agarwal Fortune India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/06/2025 ,inter alia, to consider and approve As per attached file.
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Agarwal Fortune India Ltd (formerly Devki Leasing and Finance Limited) has informed BSE that its Board of Directors will meet on Friday, 13th June 2025. This is the 2nd Board Meeting for FY 2025-26. The key agenda items include considering a proposal to increase the Authorised Share Capital of the company along with amendments to the Memorandum and Articles of Association. The Board will also consider appointing an Additional Non-Executive Independent Director. Additionally, the Board will approve the draft notice for the 1st Extra Ordinary General Meeting (EGM) of FY 2025-26 and related matters. The meeting notice was issued on 6th June 2025 by Aditi Parmar, Company Secretary.
An increase in authorised share capital is typically a precursor to a future fundraising activity such as a rights issue, preferential allotment, or stock split, which could dilute existing shareholders. The EGM called for this purpose will give shareholders a chance to vote on these capital changes. Appointment of an additional independent director is a routine governance move required for board composition compliance.