We hereby inform that the shareholders have approved the increase in Authorised Share Capital and consequent alteration of Capital Clause of Memorandum of Association of the Company in ....
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Manbro Industries Ltd has informed BSE that shareholders approved an increase in the company's Authorised Share Capital through an ordinary resolution passed at the 33rd Annual General Meeting held on 29th September 2025 via e-Voting. The new Authorised Share Capital is ₹20.25 crore, divided into 2.025 crore equity shares of ₹10 each, replacing the earlier limit. The company stated this increase is needed to support a fund-raising proposal aimed at meeting projected business growth, augmenting long-term resources, and general corporate purposes, as internal resources are insufficient. The Capital Clause (Clause V) of the Memorandum of Association has been altered accordingly.
This is a procedural step to expand the company's capital ceiling, paving the way for a future fund-raise (likely a rights issue, preferential allotment, or further public issue). Shareholders should watch for the actual fund-raising announcement, as dilution of existing shareholdings may follow depending on the mode and price of the issue.