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Awaiting price reaction for this filing.
The Board of Directors, at a meeting held on 23.02.2026, approved an increase in the Authorised Share Capital of the company from Rs. 11 crore to Rs. 11.75 crore. The change involves converting 10,000 9.5% Redeemable Cumulative Preference Shares of Rs 100 each into equity shares. Post-change, the entire authorised capital will consist of 1,17,50,000 Equity Shares of Rs 10 each. Necessary amendments will be made to the Memorandum and Articles of Association, subject to member approval at the upcoming Extra Ordinary General Meeting (EOGM).
This is primarily a reclassification of authorised capital — preference shares are being replaced by additional equity shares within the authorised limit. No fresh fund-raising or shareholder action is implied, but member approval at the EGM will be required for the change to take effect.