The authorised capital of the company is proposed to be increased for further capital infusion. Please refer to the notice for further details.
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Shakti Press Ltd has called an Extra Ordinary General Meeting (EGM) on 25th June 2026 via video conferencing to seek shareholder approval for increasing the company's authorized share capital. The authorized capital is proposed to be raised from Rs. 31.53 crore to Rs. 50.43 crore, an increase of about Rs. 18.90 crore. This will be done by adding 1.89 crore new equity shares of Rs. 10 each to the existing structure, while preference shares remain unchanged at 3 lakh. According to the explanatory statement, the company wants to expand its production and operations and needs fresh capital infusion for this purpose. The resolution is an ordinary resolution, meaning a simple majority of shareholders voting is enough to pass it. No director has declared any personal interest in the resolution.
This is only a preparatory step to create room in the authorized capital for a future share issuance, so there is no immediate dilution for existing shareholders. However, once the company actually issues these new shares later, existing shareholders could see their stake reduced depending on how many shares are issued and at what price.