Approval of increase in the Authorised Share capital of the Company and consequent amendment to the Memorandum of Association
Price
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Awaiting price reaction for this filing.
At the 2nd Annual General Meeting held on 26th July 2025, shareholders approved raising the company's authorised share capital from Rs. 15 crore to Rs. 27 crore — an 80% increase. The revised capital is divided into 2.70 crore equity shares of Rs. 10 each. As a result, Clause 5 of the Memorandum of Association has been amended to reflect the new authorised capital. The AGM ran from 11:00 AM to 11:55 AM. No actual shares have been issued yet — this is only a change in the ceiling on what the company is permitted to issue.
No immediate impact on shareholders or the stock price. This is a housekeeping step that creates room for a potential future fund-raise (rights issue, preferential allotment, or bonus issue), but does not by itself dilute existing shareholders or change anything in the market.