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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Rajasthan Tube Manufacturing Company, at its meeting held on 21 June 2025, approved increasing the Authorised Share Capital from Rs. 8 crore to Rs. 60 crore — a 7.5x jump. The new capital structure will consist of 60 crore equity shares of face value Re. 1 each. Consequently, Clause V of the Memorandum of Association (MOA) and Clause 4(a) of the Articles of Association (AOA) will be amended to reflect the revised authorised capital. These changes are subject to approval from shareholders at the next General Meeting.
This is a routine corporate housekeeping action that simply raises the ceiling on share capital — it does not by itself issue new shares, declare a bonus, or split stock. For shareholders, the actual implications will depend on future decisions (such as a rights issue, bonus, or preferential allotment) that utilise this expanded headroom. No immediate effect on share price or holdings is expected from this announcement alone.