Outcome of Board Meeting of Rajnish Wellness Limited ('the Company') held on Friday, 16th May, 2025.
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The Board of Directors of Rajnish Wellness Limited, at its meeting held on 16th May 2025, approved an increase in the Authorised Share Capital of the Company from Rs. 100 Crores (divided into 100 Crore equity shares of Rs. 1 each) to Rs. 130 Crores (divided into 130 Crore equity shares of Rs. 1 each). This is a 30% increase in the authorised capital ceiling. The change also requires a corresponding amendment to Clause V of the Memorandum of Association relating to share capital. The proposal is subject to approval from shareholders at the next General Meeting. No dividend, bonus, stock split, buyback, or rights issue was announced at this meeting. The meeting concluded at 4:15 PM IST.
Increasing authorised share capital is a routine preparatory step that gives the Company room to raise fresh equity or issue bonus shares in the future. On its own, it does not dilute current shareholders or change the share price, but it signals that the Company may be planning a future capital-raising action pending shareholder approval.