Announced Sat, 4 Jul · 14:52 IST
MOA amendment approved; authorised share capital raised to Rs 70 crore
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HARDWYN · price
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AI summary
Hardwyn India Limited told NSE and BSE that members at an Extra-Ordinary General Meeting on July 3, 2026 approved an amendment to the Memorandum of Association. The Capital Clause was changed to raise the authorised share capital to Rs 70 crore, divided into 70 crore equity shares of Rs 1 face value each. The existing Clause V of the MOA was replaced with this new clause.
Likely market impact
Higher authorised capital lets the board issue more equity in future, which may dilute existing shareholders if new shares are allotted.