This is to inform you that Board of Directors of the Company in its meeting held today at the registered office of the Company on 22nd July, 2025 had inter-alia, considered and approved ....
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The Board of Directors of Money Masters Leasing & Finance Ltd met on 22nd July 2025 and approved an increase in the company's Authorized Share Capital from Rs. 34 Crores to Rs. 60 Crores. The equity share component is set to rise from 30.30 Crore shares of Re. 1 each to 56.30 Crore shares of Re. 1 each, while the preference share portion remains unchanged at 37 Lakhs shares of Rs. 10 each. This change also requires amendments to the capital clause of the Memorandum of Association. To seek shareholder approval, the Board has approved conducting a Postal Ballot via remote e-voting, with M/s. HRU & Associates appointed as the scrutinizer.
This is a preparatory step that creates room for the company to issue more equity shares in the future, which could lead to dilution for existing shareholders if new shares are eventually issued. Shareholders will get to vote on the capital increase through the postal ballot process.