Alteration of Clause V of Memorandum of Association of the Company.
SHILCTECH · price
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Shilchar Technologies has increased its authorized share capital to Rs. 15 Crores, divided into 1.5 crore equity shares of Rs. 10 each. This change to the Memorandum of Association was approved by shareholders through a special resolution via postal ballot on 15th March 2025. The previous authorized capital amount is not mentioned in the filing. This is a structural/governance change that gives the company room to issue more shares in the future, though no immediate fundraising, bonus, or split has been announced here.
For existing shareholders, this does not change anything immediately — no new shares are being issued right now and face value remains Rs. 10. However, it does expand the company's room to raise fresh capital or issue bonus shares later, which could lead to dilution if utilized.