Announced Wed, 24 Jun · 15:44 IST
Board approves doubling of Authorised Share Capital to Rs 16 Crore
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹31.95
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.2+4.7-0.5-5.5-10.2-11.6+1.1-4.2——
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AI summary
The Board of Directors of Om Metallogic Limited approved increasing the Authorised Share Capital from Rs 8.75 Crore to Rs 16 Crore, divided into 1.6 crore equity shares of Rs 10 each, subject to shareholder approval. A Postal Ballot Notice was approved to seek shareholder consent, and Ayush D Gupta and Associates was appointed as Scrutinizer for e-voting at the upcoming EGM. The meeting ran from 3:00 PM to 3:30 PM.
Likely market impact
Authorised capital hike from 8.75 Cr to 16 Cr signals potential fundraising plans ahead, pending shareholder approval.