Ashoka Metcast Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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 company's 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). This is an increase of Rs. 20 crore in authorised capital, requiring an amendment to the Capital Clause (Clause V) of the Memorandum of Association. The amendment is subject to approval of members through a postal ballot. The filing has been made under SEBI LODR Regulation 30.
This is a routine corporate housekeeping step that creates room for potential future fundraising (such as a rights issue, preferential allotment, or further equity issuance) but does not itself result in any dilution or capital raise. Shareholders will need to approve the change via postal ballot, but it has no immediate impact on share price or existing shareholding.