Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Galada Power & Telecommunication Ltd has called an EGM on 27 March 2026 to seek shareholder approval for increasing its Authorised Share Capital from Rs. 11 crore to Rs. 11.75 crore by creating an additional 8.5 lakh equity shares of Rs. 10 each. The company also wants to amend its Memorandum and Articles of Association accordingly. The reason behind this move is that the company's current promoter holding is 95% and public holding is just 5%, which does not meet SEBI's Minimum Public Shareholding (MPS) requirement under Regulation 38 of the LODR Regulations. The Board is exploring ways to dilute promoter stake to a minimum 75% public holding, and the expanded authorised capital will allow room for a future equity share issue to achieve this compliance. The record date for e-voting eligibility is 20 March 2026.
This is primarily a preparatory step to enable a future share issuance aimed at bringing the company into compliance with SEBI's minimum public shareholding rules. For existing shareholders, it does not immediately dilute their stake, but signals that further equity sale or issuance may follow to lift public shareholding from the current 5% to at least 25%.