outcome of board meeting held on January 01,2026.
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The Board of Directors of Elegant Floriculture & Agrotech approved two key items. First, an increase in Authorised Share Capital from Rs. 30 crore (3 crore equity shares of Rs. 10 each) to Rs. 50 crore (5 crore equity shares of Rs. 10 each). Second, the Board approved shifting the company's Registered Office from Maharashtra to Gujarat, subject to shareholder approval through a special resolution at an Extra-Ordinary General Meeting (EGM). The Board also approved the draft notice of the EGM, which will be sent to shareholders. The meeting was held from 4:30 p.m. to 5:40 p.m. on January 1, 2026.
For shareholders, the authorised capital hike does not change anything immediately but gives the company room to issue more shares in the future, which could lead to dilution later. The relocation from Maharashtra to Gujarat is administrative and requires shareholder approval, but may signal strategic or operational realignment.