Ashoka Metcast Limited has informed the Exchange regarding Board meeting held on July 04, 2025.
ASHOKAMET · price
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The Board of Directors of Ashoka Metcast Limited, at its meeting held on 4th July 2025, approved an increase in the Authorized Share Capital of the Company from Rs. 75 crore (7.5 crore equity shares of Rs. 10 each) to Rs. 95 crore (9.5 crore equity shares of Rs. 10 each). This is an increase of Rs. 20 crore in authorized capital, creating room for 2 crore additional equity shares. The change is subject to approval from members through a Postal Ballot process. The cut-off date for e-voting eligibility is 4th July 2025, and e-voting will run from 9th July to 6th August 2025. Mr. Chintan K. Patel has been appointed as the Scrutinizer for the postal ballot process.
This is a preliminary step that gives the company flexibility to issue more shares in the future, possibly for fundraising, expansion, or a future corporate action. It does not by itself result in dilution of existing shareholders — member approval is still required, and no actual shares are being issued right now.