Ashoka Metcast Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
ASHOKAMET · price
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Ashoka Metcast Limited has increased its authorised share capital from Rs. 75 crore to Rs. 95 crore, creating room for 2 crore additional equity shares of Rs. 10 each. The change was approved by shareholders through a postal ballot (remote e-voting) on 6th August 2025. The Capital Clause (Clause V) of the company's Memorandum of Association has been amended to reflect the new authorised capital. This is only an increase in the upper limit of shares the company is permitted to issue — no actual shares have been issued yet. The face value of shares remains at Rs. 10, and there is no change to existing shareholder holdings.
This is a routine housekeeping change and does not dilute existing shareholders or affect share price directly. However, it gives the company the flexibility to issue more shares in the future through a rights issue, preferential allotment, or further public offer, which could lead to dilution later if those shares are actually issued.