Amendments to Memorandum & Articles of Association
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions has amended its Memorandum of Association and Articles of Association, approved by shareholders via postal ballot on 11 April 2024. The Capital Clause (Clause V) of the MoA has been altered to set the authorised share capital at Rs. 25 crore, divided into 2.5 crore equity shares of Rs. 10 each. Article 4 of the Articles of Association has also been replaced to give the Board explicit authority to issue further shares through preferential offers, private placements, or to existing shareholders and employees under ESOPs, subject to applicable rules.
This gives the company more room to raise fresh equity capital in the future, but it also means existing shareholders may face potential dilution if the Board issues new shares via private placement or preferential offer. Investors should watch for any follow-up announcements about actual share issuances.