Announced Thu, 9 Apr · 19:40 IST
Board approves proposal to raise authorised share capital to ₹30 cr
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SUVIDHAA · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹3.15
prior close
₹3.47
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-4.3-4.0-1.7+1.3-0.6-1.0+0.3-2.5-2.9-5.1-7.0-15.9-18.4
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AI summary
Suvidhaa Infoserve's Board, via a circular resolution passed on April 9, 2026, approved a proposal to increase the company's authorised share capital from ₹25 crore to ₹30 crore. This will require amending the Capital Clause of the Memorandum of Association. The move gives the company additional headroom for future fund-raising or stock issuance, subject to shareholder and other regulatory approvals.
Likely market impact
A modest ₹5 cr increase in authorised capital; provides flexibility for future fundraising or share issuance, pending shareholder and regulatory approvals.