Innovana Thinklabs Limited has informed the Exchange regarding Board meeting held on Jun 30, 2025.
INNOVANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Innovana Thinklabs Limited met on June 30, 2025, and approved an increase in the company's Authorized Share Capital from ₹21,00,00,000 to ₹22,00,00,000, by creating an additional 10,00,000 equity shares. The Board also approved amending the Memorandum of Association to reflect this change, subject to shareholder approval. An Extra-Ordinary General Meeting (EGM) has been scheduled for Wednesday, July 23, 2025, at 11:30 AM to seek shareholder approval for the proposed increase. The Board meeting commenced at 4:00 PM and concluded at 7:30 PM.
This is a routine corporate housekeeping action that simply raises the ceiling on equity shares the company is permitted to issue. It does not result in any new shares being issued or dilution for current shareholders at this stage, but could give the company flexibility for future fundraising, acquisitions, or stock-based compensation.