Alteration of Authorised Share Capital of the Company and consequent alteration of existing Clause V of MOA, subject to approval of shareholders of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rathi Steel & Power's board, at its September 3, 2025 meeting, approved multiple items including the alteration of the company's authorised share capital, subject to shareholder approval. The changes involve creating 8,51,853 new equity shares of Rs. 10 each and reclassifying 4,08,147 unissued preference shares into equity shares, taking the total authorised capital to Rs. 132.50 crore (12.25 crore equity shares and 1 crore preference shares). The board also appointed M/s Sameer Bhatnagar & Company as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30), M/s R.M. Bansal & Co. as Cost Auditor, and M/s DIT & Company as Internal Auditor for FY2025-26. The 54th Annual General Meeting has been scheduled for September 30, 2025 via video conferencing, and the FY2024-25 Annual Report was approved.
These are largely routine corporate governance and housekeeping items. The authorised capital change requires shareholder approval at the upcoming AGM and does not by itself issue new shares to investors, so there is no immediate dilution or value transfer to existing shareholders.