considered and approved the following matter(s): 1. Increase in the Authorized Share Capital of the Company from existing ?27,50,00,000 (Rupees Twenty Seven Crores Fifty Lakhs only) ....
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The Board of Directors of Safa Systems & Technologies Ltd, at a meeting held on June 11, 2025, approved an increase in the company's Authorized Share Capital from ₹27.50 crores (2.75 crore equity shares of ₹10 each) to ₹42 crores (4.20 crore equity shares of ₹10 each). This will be followed by an alteration in the Memorandum of Association. Additionally, the Board has decided to postpone any decision on fundraising until further notice. The company also finalized the notice for its 4th Annual General Meeting, scheduled for July 5, 2025, to be held via video conferencing.
The increase in authorized share capital signals potential future fundraising activity, though the Board has explicitly deferred that decision. For shareholders, this is a preparatory corporate action with no immediate dilution, but it suggests the company is keeping equity fundraising options open.