Announced Sat, 25 Jul · 18:04 IST
Bloom Dekor raises authorized share capital to Rs 15.20 cr under IBC plan
Corporate Actions View source PDF
Price
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AI summary
Bloom Dekor's board approved raising authorized share capital from Rs 10 crore to Rs 15.20 crore, creating room for 52 lakh additional equity shares of Rs 10 each. The change follows an NCLT Ahmedabad order dated June 18, 2026 approving a Resolution Plan under the Insolvency and Bankruptcy Code. No separate shareholder approval is needed. This step prepares the company to issue new shares, likely to resolution applicants or creditors, which may dilute existing shareholders.
Likely market impact
Preparatory step for share issuance under IBC resolution plan. Likely dilution for existing shareholders; no new shares issued yet.