Rajnish Wellness Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2025 ,inter alia, to consider and approve Increase in Authorised Share ....
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Rajnish Wellness has called a board meeting on 16 May 2025 to consider raising the company's Authorised Share Capital and making a corresponding amendment to its Memorandum of Association. Because this is a capital structure change, the company will seek shareholder approval via a Postal Ballot conducted through e-voting. It has appointed M/s. HSPN & Associates LLP as the scrutinizer for the postal ballot process. The board will also fix the cut-off date to decide which members are eligible to receive the postal ballot notice and vote. No details on the size of the capital hike or any follow-on fundraising have been shared yet.
On its own, raising the Authorised Share Capital only lifts the ceiling on how many shares the company can issue in the future — it does not issue new shares or dilute existing holders right now. Shareholders should watch for a follow-up announcement that clarifies whether the expanded limit is intended for a fundraising round, a bonus, or any other corporate action.