DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LODR) REGULATIONS, 2015 - ADOPTION OF NEW SET OF MOA & AOA AND INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY & ALTERATION IN MOA
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Regal Entertainment & Consultants Ltd has approved adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013, with no change to the main objects of the company. The board has also approved increasing the authorised share capital from Rs. 9 crore to Rs. 14 crore, which means the equity share capacity is being doubled from 50 lakh shares to 1 crore shares of Rs. 10 each. Preference share capacity remains unchanged at 40 lakh shares of Rs. 10 each. All these changes are subject to shareholder approval at the upcoming Annual General Meeting and any required regulatory approvals.
This is a housekeeping/preparatory step rather than an immediate dilution — no new shares are being issued yet. However, the doubled equity share capacity gives the company room for future fundraising, stock splits, or bonus issues, which shareholders should watch for at the AGM.