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Awaiting price reaction for this filing.
Galada Power & Telecommunication held an EGM on March 27, 2026, where shareholders approved two key resolutions. The first resolution (Ordinary) increases the authorised share capital from Rs. 11 crore to Rs. 11.75 crore by converting the existing 10,000 cumulative redeemable preference shares into equity shares, resulting in a uniform capital structure of 1,17,50,000 equity shares of Rs. 10 each. The second resolution (Special) alters the Articles of Association to align with the new capital structure. The meeting was conducted at the company's registered office in Hyderabad with the Scrutinizer certifying the voting results.
This is a housekeeping restructuring of authorised capital — preference shares are being converted/removed from the authorised capital structure, leaving only equity shares. For shareholders, this does not change the number of equity shares held or the share price, but it simplifies the capital structure and signals that the company may be preparing for future equity issuances or fundraising activities.