Announced Mon, 15 Jun · 19:51 IST
Kotyark Industries hikes authorized share capital to Rs 200 crore
Corporate Actions View source PDF
KOTYARK · price
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Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹37.20
prior close
₹36.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+0.8+1.5+0.5-2.6-3.0-5.2+8.9+11.2+22.2-2.2-6.5——
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AI summary
Kotyark Industries has increased its authorized share capital from Rs 23 crore to Rs 200 crore, split into 20 crore equity shares of Rs 10 each, through a postal ballot approved on June 15, 2026. The Capital Clause (Clause 5) of the MOA has been amended accordingly. This roughly 8.7x jump in authorized capital typically precedes a fundraising event such as a rights issue, preferential allotment, or further public offering, though no specific issue has been announced yet.
Likely market impact
Signals potential future fundraising; no immediate effect on share price but could lead to dilution if new shares are issued.