Increase in the Authorised Share Capital and consequent alteration to the Capital Clause of Memorandum of Association of the Company
TCC · price
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TCC Concept Ltd has increased its Authorised Share Capital from Rs. 40 crore (4 crore equity shares of Rs. 10 each) to Rs. 60 crore (6 crore equity shares of Rs. 10 each), a 50% rise in authorised capacity. The change was approved by shareholders through an Ordinary Resolution at an Extra Ordinary General Meeting held on November 5, 2025. The Capital Clause of the Memorandum of Association has been amended to reflect the new authorised capital structure. No fresh shares are being issued at this stage — this only expands the company's room to issue shares in the future.
This move gives the company flexibility to raise additional capital or issue shares for future needs (such as expansion, acquisitions, or a fundraise), but no actual equity dilution is happening right now. Shareholders should watch for a follow-up announcement if the company plans to issue shares from this expanded authorised capital.