Increase in Authorized Share Capital
Price
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Awaiting price reaction for this filing.
Madhuveer Com 18 Network Limited's board, meeting on January 19, 2026, approved raising the company's authorized share capital from Rs. 36 crore (3.6 crore shares of Rs. 10 each) to Rs. 38 crore (3.8 crore shares of Rs. 10 each) — a modest ~5.6% increase. A postal ballot will be sent to shareholders to approve this change. The board also appointed Mrs. Rupal Patel as the scrutinizer for the postal ballot and Ms. Pushti Rajani as the new Company Secretary and Compliance Officer effective the same day.
The authorized capital increase itself does not issue new shares — it merely raises the ceiling for future issuances. Shareholders will get to vote on this via postal ballot, but the impact on the stock is minimal unless the additional headroom is later used for a fresh issue, rights issue, or bonus shares.