Amendment to Memorandum & Articles of Association of the company
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Thrive Future Habitats Ltd (BSE: 523120) announced that shareholders approved two key changes via an Extra-Ordinary General Meeting on February 17, 2026. First, the Authorised Share Capital has been increased from Rs. 20 crore (2 crore equity shares of Rs. 10 each) to Rs. 22 crore (2.20 crore equity shares of Rs. 10 each) through an Ordinary Resolution, altering the Capital Clause of the Memorandum of Association. Second, the company adopted a new set of Articles of Association based on Table F of Schedule I of the Companies Act, 2013, through a Special Resolution, replacing the old AOA which was based on the older Companies Act, 1956. The capital hike is meant to support the company's expansion plans and facilitate a proposed preferential allotment of fresh equity shares. Both resolutions were first cleared by the Board on January 22, 2026.
The 10% hike in authorised capital signals that the company may soon issue additional equity shares via a preferential allotment, which could dilute existing shareholders' stakes depending on the issue price. The AOA revamp is largely a routine housekeeping exercise to bring governance rules in line with current law and is unlikely to affect shareholders materially.