Board approves doubling of authorised share capital

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BGRENERGY · price

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Price reactionminutes from the announcement price · days from the prior close

+5.5%Reaction day

₹267.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.7%+3.8% vs market

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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AI summary

The board approved increasing authorised share capital from Rs 200 crore to Rs 400 crore, lifting authorised equity shares from 20 crore to 40 crore at Rs 10 each. Shareholders must approve the change. The board also appointed Ram Naresh Singh Tomar as a whole-time director for five years, subject to shareholder approval, and Harish Gupta as President, Finance and Strategy.

Likely market impact

No shares are being issued now. The change would give the company more room to raise capital in future, but shareholder approval is pending.