Increase in Authorized Share Capital of the Company from Rs. 27,50,00,000/- (Rupees Twenty-Seven Crores Fifty Lakhs only) divided into 2,75,00,000 (Two Crores Seventy-Five Lakhs only) equity ....
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Safa Systems & Technologies held its 4th AGM on July 18, 2025, via video conferencing. Shareholders approved the audited standalone and consolidated financial statements for FY ended March 31, 2025. Key special business items included an increase in the company's authorized share capital (currently Rs. 27.5 crores divided into 2.75 crore equity shares) along with consequent changes to the Memorandum of Association. Other approvals included the reappointment of Mr. Faizal Bavaraparambil Abdul Khader as Managing Director, reappointment of Ms. Sruthi Muhammed Ali as a Director retiring by rotation, approval for loans/investments under Sections 185 and 186 of the Companies Act, and appointment of the Secretarial Auditor. 16 members attended the meeting, and voting results on all resolutions will be filed separately.
The increase in authorized share capital gives the company room to raise fresh capital or issue bonus shares in the future, but no specific issue has been announced yet. Voting results are still pending and may influence near-term sentiment once disclosed.