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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.
Shareholders at the 39th AGM held on 19 July 2025 approved a sharp increase in the company's authorised share capital from Rs. 8 crore to Rs. 60 crore — a 7.5x jump, representing 60 crore equity shares of Re. 1 face value. The Memorandum of Association (Clause V) and Articles of Association (Clause 4(a)) have been amended to reflect this new ceiling. The actual issued share capital remains unchanged for now; this only expands the company's room to issue new shares in the future. The disclosure was filed under Regulation 30 of SEBI's Listing Obligations.
This is a housekeeping change that gives the company flexibility to raise more equity capital later, but it does not mean new shares will be issued immediately. For existing shareholders, there is no direct impact on earnings or ownership today, though it could pave the way for a future fundraising round that may dilute holdings.