Outcome of Board Meeting dated 12th May 2025
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The board of Gujarat Toolroom Ltd, at its meeting on 12th May 2025, approved increasing the company's Authorised Share Capital from Rs. 140 crore to Rs. 210 crore (divided into 210 crore equity shares of Rs. 1 each). This requires an amendment to the Capital Clause (Clause V) of the Memorandum of Association, which will be put to shareholders for approval via a Postal Ballot. A Practicing Company Secretary, H. Togadiya and Associates, has been appointed as Scrutinizer for the postal ballot process, with the cut-off date for member eligibility fixed as 9th May 2025. The board meeting concluded at 3:50 PM. No dividend, bonus, rights issue, or buyback was announced in this filing.
This is a preliminary corporate housekeeping step that gives the company headroom to issue new shares in the future. It does not by itself issue any shares or change existing shareholders' holdings, but it may signal that a fundraise (rights issue or preferential allotment) could follow once shareholder approval is obtained.