Pursuant to regulation 30, this is to inform you that there is an increase in authorized share capital & alteration in the capital clause of the Memorandum of Association.
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Shareholders of Gala Global Products Ltd approved an increase in the company's authorized share capital at an EGM held on 4th April 2026. The authorized capital has been raised from Rs. 30.30 crore to Rs. 53 crore, representing a 75% increase. The number of equity shares has increased from 6.06 crore to 10.60 crore shares, while the face value remains unchanged at Rs. 5 per share. This alteration in the Capital Clause of the Memorandum of Association requires shareholder approval and was passed as an Ordinary Resolution.
The increase in authorized capital gives the company flexibility to issue new equity shares in the future, potentially for fundraising, acquisitions, or business expansion. While there is no immediate dilution, existing shareholders may face dilution if the company raises capital by issuing new shares.