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Banganga Paper Industries Limited (formerly Inertia Steel Limited) announced two changes approved by shareholders at an Extra Ordinary General Meeting held on January 14, 2026. First, the company tripled its authorised share capital from Rs. 12 crores to Rs. 36 crores by creating additional 24 crore equity shares of Re. 1 each. Second, the company plans to shift its registered office from Maharashtra to Meghalaya, subject to approval from the Central Government (Regional Director). The capital change amends Clause V of the Memorandum of Association, while the office relocation amends Clause II.
The authorised capital increase gives the company room to raise fresh funds or issue bonus shares in the future, but no immediate dilution occurs since this only changes the ceiling, not actual issued shares. The registered office shift to Meghalaya is administrative and pending regulatory approval, with no direct financial impact on shareholders.