Announced Tue, 4 Aug · 18:15 IST
Authorized share capital hiked to Rs 150 crore, pending shareholder approval
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.4%1-day move
₹15.90
prior close
₹15.90
base price
After-mkt
timing
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+0.0+0.0+0.0-2.5-4.4-3.6-5.1-8.7-6.3-4.7+12.8+22.2——
Up moveDown movePending
AI summary
The company has amended its MOA to raise authorized share capital from Rs 110 crore to Rs 150 crore, divided into 15 crore equity shares of Rs 10 each. The change is subject to shareholder approval. This expands the company's headroom for future fundraising but no new shares are being issued right now.
Likely market impact
No immediate effect on shareholders. Higher authorized capital gives room for future fundraising but no shares are issued yet.