Gretex Corporate Services Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
GCSL · price
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Gretex Corporate Services Limited has informed exchanges that its shareholders have approved an increase in 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. Correspondingly, the number of authorised equity shares increased from 2.42 Crore to 2.65 Crore shares, each with a face value of Rs. 10. The amendment to Clause V of the MOA was approved under SEBI LODR Regulations, 2015. The company is listed on BSE (scrip code 543324) and NSE (symbol GCSL).
This capital clause amendment provides the company with a higher authorised share capital ceiling, giving flexibility for future equity issuances such as follow-on public offers, rights issues, or ESOPs. No immediate change to the stock is implied, but it signals potential future capital-raising activity.