Board Approves increase in Authorised Share Capital from 5,50,00,000/- to 10,00,00,000 /- subject to shareholde approval in ensuing EGM .
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The Board of Superior Finlease Ltd met on February 13, 2026 and approved the unaudited financial results for the quarter ended December 31, 2025. The Board also approved increasing the company's Authorised Share Capital from Rs. 5.5 crore to Rs. 10 crore (divided into 10 crore equity shares of Rs. 1 each), subject to shareholder approval at an upcoming EGM. Additionally, the Board approved a preferential allotment of up to 15,64,159 equity shares at Rs. 5 per share (face value Rs. 1), raising up to Rs. 78.21 lakh from six identified individual investors. An Extraordinary General Meeting has been scheduled for March 18, 2026 to seek shareholder approval for these proposals.
The preferential issue will lead to a minor dilution of approximately 3.5% for existing shareholders, and the 4x premium over face value is a small capital raise. While the amount raised is modest, the doubling of authorised share capital signals room for further fund-raising in the future. Shareholders should watch the EGM on March 18, 2026 for final approval.