Alternation of Capital Clause V of Memorandum of Association (MOA)
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CWD Ltd has increased its authorised share capital from Rs. 10 crore (1 crore equity shares of Rs. 10 each) to Rs. 35 crore (3.5 crore equity shares of Rs. 10 each) — a 3.5x jump in the capital ceiling. The change was approved by shareholders through a postal ballot (remote e-voting) on December 29, 2025, based on the scrutinizer's report. The face value of shares remains unchanged at Rs. 10, and no fresh issue of shares has been announced — this only alters the maximum capital the company is permitted to issue. The amendment has been made to Clause V of the Memorandum of Association (MOA).
This is a routine corporate housekeeping step that simply gives the company more headroom to issue new shares in the future if needed (for fundraising, expansion, acquisitions, or stock-based compensation). It does not dilute existing shareholders right now, but shareholders should watch for any future announcement of a rights issue, preferential allotment, or further public offer that actually uses this expanded capacity.