Ashoka Metcast Limited has informed the Exchange regarding Notice of Postal Ballot
ASHOKAMET · price
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Ashoka Metcast Limited has issued a Postal Ballot Notice seeking shareholder approval to increase its Authorised Share Capital 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), a rise of Rs. 20 crore. The Board approved the proposal on 4th July 2025, and the increase is intended to accommodate future share issuances. The resolution will be passed as an Ordinary Resolution through remote e-voting (via CDSL), with the voting window open from 8th July 2025 to 6th August 2025. The cut-off date for eligibility to vote is 4th July 2025, and Mr. Chintan K. Patel has been appointed as the Scrutinizer. Results are expected to be declared on or before 8th August 2025.
This is a preparatory step that gives the company headroom to issue new shares in the future, but does not dilute existing shareholders immediately. If approved, it signals potential fundraising or stock split plans down the line, which investors should watch for subsequent announcements on any actual equity issuance.