Announced Mon, 6 Apr · 18:14 IST
Shareholders approve increase in authorised share capital
Corporate Actions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹1.51
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.6+5.3+3.3+7.9+13.2+19.9+45.7+15.9+6.6+14.6
Up moveDown movePending
AI summary
At the EGM on 4 April 2026, shareholders of Gala Global Products approved an ordinary resolution to increase the company's authorised share capital and amend the Memorandum of Association. 95,432 votes (99.92%) were cast in favour versus just 80 against. Only 0.17% of outstanding shares participated in the voting. The move expands the company's capital headroom and typically precedes fundraising, bonus issues, or stock splits.
Likely market impact
Creates room for future fundraising, bonus issue, or stock split, though no specific plan has been announced yet.