Increase in the Authorized Share Capital of the Company from existing INR 6,50,00,000/- (Rupees Six Crore Fifty Lakhs only) divided into 65,00,000 (Sixty-Five Lakhs only) equity shares ....
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Prabhhans Industries' board, at its meeting on June 12, 2025, approved increasing the company's authorized share capital from ₹6.5 crore to ₹12 crore. This means the maximum number of equity shares the company can issue rises from 65 lakh to 1.2 crore shares (each with a face value of ₹10). The change also requires an amendment to the company's Memorandum of Association. Shareholders will vote on this proposal at an Extra Ordinary General Meeting (EGM) scheduled for July 5, 2025, to be held via video conferencing.
This is only an increase in authorized (maximum) share capital — it does not issue any new shares right now and does not directly affect existing shareholders or their ownership percentage. However, it gives the company room to raise fresh funds or issue bonus/rights shares in the future, which could lead to dilution if those shares are eventually issued.