Outcome of the 8th Board Meeting held on 20.11.2025 at 3.30 pm to consider and approve the Increase in Authorized Share Capital of the Company and Alteration of Capital Clause of Memorandum ....
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Awaiting price reaction for this filing.
The board of F Mec International Financial Services Ltd approved increasing the company's Authorized Share Capital from Rs. 10 crore to Rs. 15 crore, creating 50 lakh additional equity shares of Rs. 10 each. The company stated this is to meet its increased fund requirements. Shareholder approval will be sought at an Extra-Ordinary General Meeting (EGM) scheduled for December 18, 2025, with December 12, 2025 fixed as the cut-off date for e-voting eligibility. The board also approved the appointment of Ms. Pallavi Shukla as a Non-Executive Independent Director and appointed NSDL to provide e-voting services. Alteration of the Capital Clause of the Memorandum of Association is also proposed as part of this exercise.
This is a preparatory step for future fundraising — existing shareholders should expect potential dilution once the expanded capital is utilised through a rights issue, preferential allotment, or other route. The stock may see short-term volatility; investors should watch for the follow-up announcement detailing how the additional capital will be raised and deployed.