Vishnu Chemicals Limited has informed the Exchange about Reclassification of Authorised Share Capital
VISHNU · price
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On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 2.9 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vishnu Chemicals' board, on May 15, 2025, approved reclassifying its authorised share capital while keeping the total cap unchanged at Rs. 95 crore. The existing structure had 7.5 crore equity shares (Rs. 2 face value) and 8 crore preference shares (Rs. 10 face value). Under the new structure, preference shares stand cancelled and equity share authorisation rises to 47.5 crore shares of Rs. 2 each. This effectively converts all authorised capital into equity shares and requires consequential amendment to the Capital Clause of the Memorandum of Association. The change is subject to shareholder approval at the upcoming AGM. No change is proposed to issued or paid-up capital, and face value of equity shares remains Rs. 2.
This is an internal reorganisation of authorised (maximum) capital only and does not alter existing shareholders' holdings, share price, or the company's issued capital. It simply gives the company more headroom for future equity issuances by cancelling unissued preference shares.