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The Board of Directors of Milgrey Finance & Investments Ltd, at a meeting held on January 29, 2026, approved two key proposals. First, the company plans to increase its Authorised Share Capital from Rs. 36 crore to Rs. 65 crore, subject to shareholder and regulatory approvals. Second, the Board approved altering the Object Clause of its Memorandum of Association to add Virtual Digital Assets (VDAs) — including Bitcoin, cryptocurrencies, digital tokens, NFTs, and stablecoins — as a new main business activity. The company also outlined ancillary activities such as custodial services, staking, hedging, digital wallets, and DeFi partnerships. Both proposals are subject to shareholder approval in a general meeting.
This signals a major strategic shift toward digital assets and crypto-related businesses, which could be a high-risk but high-reward pivot for shareholders. The near-doubling of authorised share capital also suggests the company may be preparing for future fundraising, though both moves require shareholder consent before taking effect.