GCSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gretex Corporate Services Ltd has informed BSE and NSE that shareholders have approved an amendment to Clause V of the company's MOA, increasing the Authorised Share Capital. The authorised capital has been raised from Rs 24.2 crores to Rs 26.5 crores, an increase of Rs 2.3 crores. The number of equity shares has increased from 2.42 crore shares to 2.65 crore shares, with the face value remaining unchanged at Rs 10 per share. This amendment was approved following a shareholder resolution and is being disclosed under SEBI LODR Regulations.
The increase in authorised capital provides the company with greater flexibility to issue additional shares in the future for purposes such as capital raising, acquisitions, or other corporate needs. This does not immediately impact existing shareholders but signals potential future dilution or expansion plans.