Mangalam Industrial Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/06/2025 ,inter alia, to consider and approve Pursuant to Regulation ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalam Industrial Finance Ltd has informed BSE that its Board of Directors will meet on Monday, 16th June 2025. The key item on the agenda is to approve an increase in the company's authorized share capital along with a corresponding amendment to the Memorandum of Association. The Board will also approve the postal ballot notice, calendar of events, and appoint a scrutinizer to oversee the postal ballot process. Any other business deemed fit may also be discussed with the chair's permission.
Increasing authorized share capital is a preliminary step and does not by itself issue new shares, but it creates room for a future fundraise, bonus, or rights issue subject to shareholder approval via postal ballot. Retail investors should watch for the postal ballot notice, which will clarify the specific purpose of the capital expansion.