Shraddha Prime Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/01/2026 ,inter alia, to consider and approve increase in Authorized ....
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Shraddha Prime Projects Ltd has informed BSE that its Board of Directors will meet on January 14, 2026 to consider and approve an increase in the Authorized Share Capital of the company, along with a corresponding amendment to the capital clause of the Memorandum of Association. The Board will also approve a Postal Ballot notice to seek shareholder approval for this authorized capital increase. The filing is made under Regulation 29(1)(d) of SEBI LODR Regulations, 2015. The current authorized capital amount or the proposed increase quantum has not been disclosed in this intimation.
An increase in authorized share capital by itself does not dilute existing shareholders, but it gives the company room to issue new shares in the future. Shareholders should watch for follow-up announcements detailing the exact increase and any potential fundraising plans that may follow.