Alteration in Capital Clause of Memorandum of Association by increasing the Authorised Share Capital from Rs. 5,50,00,000 (Rupees Five Crores Fifty Lakhs) to Rs. 10,00,00,000 (Rupees Ten Crores).
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DAPS Advertising held its 26th AGM on August 30, 2025 at Kanpur. Shareholders were informed about the agenda items, including adoption of audited financials for FY25, declaration of a final dividend of Rs. 0.20 per equity share (face value Rs. 10), reappointment of directors, and appointment of statutory and secretarial auditors. A key proposal was the increase in authorised share capital from Rs. 5.5 crore to Rs. 10 crore, along with a corresponding alteration in the capital clause of the Memorandum of Association. Voting results were to be declared by September 2, 2025.
The share capital hike gives the company headroom to issue additional shares in the future, which could mean a potential fundraising or stock split down the line. The Rs. 0.20 dividend is modest, offering only nominal income to shareholders.