Nagreeka Exports Limited has informed the Exchange regarding Board meeting held on May 16, 2025.
NAGREEKEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nagreeka Exports' Board met on May 16, 2025 and approved increasing the company's Authorised Share Capital from Rs. 20 crore to Rs. 35 crore, an addition of Rs. 15 crore. The new capital will be raised as equity shares with a face value of Rs. 5 each, taking the total authorised equity shares from 3.40 crore to 6.40 crore. Preference share component remains unchanged at 30 lakh shares of Rs. 10 each. The change requires shareholder approval, and an Extra Ordinary General Meeting (EOGM) has been scheduled for Tuesday, June 24, 2025 at 12:30 p.m. The cut-off date for e-voting eligibility has been fixed as Tuesday, June 17, 2025. The Memorandum of Association will be amended accordingly once shareholders approve the change.
The authorised capital expansion creates room for the company to issue new equity shares in the future — potentially for fundraising, expansion, or a stock split. This is a preparatory step and does not itself dilute existing shareholders; any actual share issuance would require further Board and regulatory approvals. Shareholders should watch for follow-up announcements regarding the purpose of the additional capital.