Increase in Authorised Share Capital and Consequent Alteration to the Capital Clause of Memorandum of Association of the Company.
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Awaiting price reaction for this filing.
Shareholders of Synthiko Foils Limited approved an increase in the company's Authorised Share Capital at an Extra-Ordinary General Meeting held on December 3, 2025. The authorised capital was raised from Rs. 1 crore (1 crore equity shares of Rs. 10 each — actually 10 lakh shares) to Rs. 20 crore, divided into 2 crore equity shares of Rs. 10 each. This is a 20-fold increase in the authorised capital ceiling. The face value of shares remains unchanged at Rs. 10. The Capital Clause (Clause V) of the Memorandum of Association has been amended accordingly. No actual fundraising or share issuance has been announced yet — this only raises the maximum limit the company can issue in the future.
This move creates headroom for a potential future equity raise (such as a rights issue, preferential allotment, or further public issue), which could dilute existing shareholders if and when new shares are issued. For now, it is a procedural step and does not immediately affect shareholding or stock price.