This is to inform you that the Board of Directors of the Company at their meeting held on Thursday, 12th June, 2025, at the Corporate Office of the Company situated at House No. 248, Karta ....
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The Board of Directors of Prabhhans Industries, at a meeting held on June 12, 2025, approved an increase in the company's Authorized Share Capital from ₹6.5 crore (65 lakh equity shares of ₹10 each) to ₹12 crore (1.2 crore equity shares of ₹10 each), nearly doubling the capital headroom. This change requires an alteration to the Memorandum of Association and is subject to shareholder approval. The Board also approved the draft notice for an Extra Ordinary General Meeting (EGM) scheduled for Saturday, July 5, 2025 at 3:30 PM via video conferencing, where shareholders will vote on the capital increase.
The near-doubling of authorized share capital signals the company's intent to potentially raise fresh equity or issue bonus shares in the future, which could dilute existing shareholders depending on the structure. Investors should watch the July 5 EGM outcome and any subsequent fundraising announcement closely, as this is often a precursor to a capital-raising event.