Increase of the Authorized Share capital from 35 Cr to 40 Cr and consequential amendments to capital clause of the MOA, subject to shareholder''s approval in the ensuing 31st AGM to be ....
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Diligent Industries' board, meeting on 5 September 2025, approved increasing the company's authorized share capital from Rs. 35 crore to Rs. 40 crore, along with a corresponding amendment to the capital clause of the Memorandum of Association. This change is subject to shareholder approval at the upcoming 31st Annual General Meeting scheduled for 30 September 2025. The board also approved the Annual Report for FY2024-25, appointment of M/s Ganga Anil Kumar & Associates as Secretarial Auditors for five years, and re-appointment of two Independent Directors (Sri Lokeswararao Nelluri and Sri Baba Mohammed) for fresh five-year terms.
The authorized capital hike gives the company room to issue more shares in the future, but does not itself result in any dilution or new shares being issued — shareholders will vote on it at the AGM. The re-appointments and auditor change are routine governance matters with no immediate effect on the stock price.