Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shakti Press Ltd's Board of Directors approved an increase in Authorised Share Capital from Rs. 31.53 crore to Rs. 50.43 crore — an increase of approximately Rs. 18.9 crore. The authorized equity shares will nearly double from 2.85 crore to 4.74 crore shares of Rs. 10 each. An Extra Ordinary General Meeting has been scheduled for June 25, 2026 via video conferencing to seek shareholder approval for this capital expansion. NSDL has been appointed as the remote e-voting agency and a scrutinizer appointed for the EGM. The board meeting lasted 30 minutes (7:00 PM to 7:30 PM).
The near-doubling of authorized equity shares signals the company is preparing for a significant capital raise — potentially via QIP, rights issue, or strategic placement — which will dilute existing shareholders if executed.