1. Approved the increase in Authorized Share Capital of the Company from ?12,00,00,000 (Rupees Twelve Crore Only) divided into 1,20,00,000 (One Crore Twenty Lakhs) Equity Shares of ?10/- ....
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The Board of Directors of Jindal Capital Ltd approved an increase in the company's Authorized Share Capital from the existing ₹12,00,00,000 (Twelve Crore), divided into 1,20,00,000 equity shares of ₹10 each. The full new capital figure and revised share count are not visible in the available text as the BSE document page returned an error. No further details on the purpose of the capital hike, new share count, or related corporate actions (such as a bonus or rights issue) are confirmed from the filing. The increase in authorized capital is typically a preliminary step that may enable future actions like bonus shares, rights issues, or stock splits.
Neutral to slightly positive in the short term — an authorized capital increase by itself does not change share price or ownership, but signals the company's intent to raise fresh equity or reward shareholders in the future. Investors should wait for the next filing with the revised capital structure and purpose.