Intimation of Increase in Authorised Share Capital and consequent alteration of MOA.
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The Board of Directors of Som Datt Finance Corporation Ltd has approved an increase in the company's Authorised Share Capital from ₹25 crore to ₹50 crore, more or less doubling the capital ceiling. The change is structured as 4.5 crore equity shares of ₹10 each (up from 2 crore equity shares) plus 50 lakh preference shares of ₹10 each. This requires an alteration of Clause V of the Memorandum of Association. The amendment is subject to shareholder approval and compliance with the Companies Act, 2013. The board meeting was held on May 28, 2025. No actual issuance of new shares has been announced — only the upper limit has been raised.
This is an administrative, enabling step that gives the company headroom to potentially raise fresh equity or preference capital in the future, but it does not immediately dilute existing shareholders. Shareholders will get to vote on this change, and any future fundraising at this company would warrant close attention.