GCSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gretex Corporate Services has received shareholder approval to amend the Capital Clause of its Memorandum of Association. The company's authorized share capital is being increased from Rs. 13 crore (1.30 crore equity shares of Rs. 10 each) to Rs. 24.20 crore (2.42 crore equity shares of Rs. 10 each). This is a Rs. 11.20 crore increase in authorized capital limit, nearly doubling the previous ceiling. The face value of shares remains unchanged at Rs. 10. This was approved by shareholders and disclosed to BSE under SEBI Listing Regulations. No actual issuance of new shares is being made yet — only the upper limit has been raised.
Raising the authorized capital ceiling does not by itself issue new shares or dilute existing shareholders. It simply gives the board room to raise funds, issue bonus shares, or make a stock split in the future. Investors should watch for a follow-up announcement specifying how the expanded capital will be used.