With reference to above captioned subject and in terms of the provisions of Regulation 30 of the SEBI LODR Regulations, 2015, we wish to inform you that the Board of Directors of the Company ....
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The board of BCL Enterprises Ltd met on January 2, 2026 and approved calling an Extra-Ordinary General Meeting (EOGM) on February 2, 2026 via video conferencing. A key proposal is a massive increase in authorized share capital from Rs. 12 crore to Rs. 500 crore (about 41 times the current limit), with a corresponding change to the Capital Clause of the Memorandum of Association. The board also cleared proposals to raise the company's borrowing limit to up to Rs. 5,000 crore, create charges on company assets up to Rs. 5,000 crore, and advance loans, give guarantees, or invest up to Rs. 5,000 crore in other entities. All these proposals require shareholder approval through special resolutions at the upcoming EOGM. The board meeting ran from 4:30 PM to 5:30 PM.
This signals that BCL Enterprises is preparing for a major fundraising and expansion phase — potentially a large equity issuance, significant debt raise, or aggressive lending/investment activity. While shareholder approval is still needed at the EOGM, the sheer scale of the proposed limits (Rs. 5,000 crore) compared to the company's current Rs. 12 crore authorized capital suggests a possible equity dilution risk for existing shareholders if new shares are eventually issued.