Announced Thu, 6 Aug · 19:12 IST
SEPC raises authorized share capital to Rs 6,000 crore after shareholder approval
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.4%1-day move
₹6.55
prior close
₹6.48
base price
After-mkt
timing
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-2.3-2.3-3.1-2.6-4.4-7.3-7.2-10.2-11.9-11.9-15.4-17.4——
Up moveDown movePending
AI summary
SEPC Limited has amended its Memorandum of Association to increase authorized share capital from Rs 2,250 crore to Rs 6,000 crore, allowing up to 600 crore equity shares of Rs 10 each, up from 225 crore earlier. The change follows shareholder approval through postal ballot. This filing only raises the maximum share issuance ceiling and does not by itself mean new shares are being issued immediately.
Likely market impact
Higher authorized capital ceiling gives room for future fundraising, bonus issues or stock splits. No immediate dilution unless shares are actually issued.