Following were considered and approved: 1. Increase in Authorised Share Capital from Rs. 24,95,00,000 to Rs. 49,95,00,000 and consequent amendment in the Capital Clause of the Memorandum ....
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The board of Jonjua Overseas Ltd approved an increase in the company's authorised share capital from Rs. 24.95 crore to Rs. 49.95 crore, effectively doubling the limit. The company will amend the Capital Clause of the Memorandum of Association to reflect this change. This typically requires shareholder approval before it becomes effective. The move gives the company room to issue more shares in the future for fundraising, expansion, or other corporate actions.
This is a preparatory step and does not immediately dilute existing shareholders. Actual dilution would only occur if the company issues new shares against the higher authorised capital. Investors should watch for any follow-up announcement on fundraising plans.