Alteration of capital clause of MOA
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shareholders at the AGM held on September 30, 2025 approved changes to the Capital Clause of the company's Memorandum of Association. The total authorized share capital remains unchanged at ₹50 crore, but its composition has been reclassified: equity shares reduced from 4 crore (₹10 each) to 3 crore (₹10 each), while Redeemable Cumulative Preference Shares increased from 1 crore (₹10 each) to 2 crore (₹10 each). This reshuffles the capital structure to make room for more preference shares while reducing the equity share headroom.
This is an internal restructuring of authorized capital and does not change the actual issued shares or shareholder value immediately. However, it signals management's intent to potentially issue preference shares in the future, which could dilute or alter the rights of existing equity shareholders if such shares are later issued.