Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Franklin Industries Ltd held an Extra Ordinary General Meeting (EGM) on Monday, April 28, 2025, at 01:00 PM at its registered office in Ahmedabad. The meeting was chaired by Managing Director Mr. Maheshkumar Jethabhai Patel and concluded at 02:10 PM. The only special business item transacted was to consider and approve an increase in the company's authorized share capital up to Rs. 80,00,00,000 (Rs. 80 crore) under Sections 13 and 61 of the Companies Act, 2013. Remote e-voting for the EGM was conducted from April 25 to April 27, 2025, with Ms. Dharti Patel appointed as Scrutinizer. The formal voting results were not included in this filing and will be submitted separately to the stock exchanges.
If approved, the hike in authorized share capital to Rs. 80 crore could enable the company to issue fresh equity or convertible instruments in the future, potentially leading to dilution for existing shareholders. Investors should wait for the voting results to know whether shareholders backed this proposal.