Excel Realty N Infra Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
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Excel Realty N Infra Limited's Board of Directors met on August 12, 2025 and approved the notice for the First Extra-Ordinary General Meeting (EOGM) of FY2025-26, scheduled for September 11, 2025 at 11:00 a.m. via Video Conferencing. The Record Date for the EOGM has been fixed as September 5, 2025. The Board also appointed M/s. S.K. Jain & Co. as the Scrutinizer to oversee the remote e-voting and e-voting process. Most importantly, the Board approved a proposal to increase the Authorised Share Capital of the Company from Rs. 150 crore (divided into 150 crore equity shares of Rs. 1 each) to Rs. 500 crore (divided into 500 crore equity shares of Rs. 1 each), subject to shareholder approval at the EOGM. The Board meeting commenced at 2:00 p.m. and concluded at 3:30 p.m.
The proposed 233% increase in authorised capital (from Rs. 150 Cr to Rs. 500 Cr) signals the company's intention to raise fresh equity or issue shares in the future, subject to shareholder nod at the September 11 EOGM. Shareholders should watch for any follow-up fundraising announcement, as a higher authorised cap creates room for potential dilution if new shares are eventually issued.