Intimation under Regulation 30 of SEBI LODR 2025- Notice of Postal Ballot
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Money Masters Leasing & Finance Ltd (BSE: MMLF) has issued a Postal Ballot notice dated 22nd July 2025 seeking shareholder approval through remote e-voting only. The single special resolution proposes increasing the company's authorised share capital from Rs. 34 crore (30.30 crore equity shares of Re. 1 each plus 37 lakh preference shares of Rs. 10 each) to Rs. 60 crore (56.30 crore equity shares of Re. 1 each plus 37 lakh preference shares of Rs. 10 each), along with a corresponding amendment to the capital clause of the Memorandum of Association. The Board approved the proposal on 22nd July 2025 citing long-term business requirements and the need for headroom to raise further capital. E-voting opens on 24th July 2025 (9:00 AM) and closes on 22nd August 2025 (5:00 PM), with results to be declared by 26th August 2025.
This is only an increase in authorised capital ceiling, not an actual share issuance, so there is no immediate dilution. However, it gives the company flexibility to issue up to 26 crore additional equity shares in the future, which existing shareholders should monitor for any subsequent fundraising announcement that could lead to dilution.