Enclosed herewith outcome of Board Meeting held on Wednesday, April 23, 2025 under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
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Daikaffil Chemicals India's board met on April 23, 2025 and approved three key items, subject to shareholder approval via postal ballot. First, the company will adopt a new Memorandum of Association (MOA) and a fresh set of Articles of Association (AOA) aligned with the Companies Act, 2013, replacing the old ones based on the 1956 Act. Second, the authorized share capital is being raised from Rs. 6.5 crore (65 lakh equity shares of Rs. 10 each) to Rs. 10 crore (1 crore equity shares of Rs. 10 each), creating an additional 35 lakh equity shares. The company will seek shareholder approval through a postal ballot notice for these changes.
The share capital increase (about 54% expansion in authorized limit) gives the company headroom to issue new shares in the future, possibly for fundraising or expansion, though no immediate issuance is announced. The MOA/AOA overhaul is largely a housekeeping exercise to align with current law and is unlikely to impact stock price directly, but shareholders should watch for the postal ballot and any future capital raising plans.