GCGeetanjali Credit and Capital539486Board key decisions

Board approves raising authorised share capital from Rs. 5 crore to Rs. 95 crore; EGM on 6 Nov 2026

Board meeting outcome (14th October, 2026).

By ScoutQuest · Wed 14 Oct 2026, 7:18 PM IST · 2 min read

Authorised Share Capital Revision

from Rs. 5 crore, divided into 50,00,000 equity shares of Rs. 10 each, to Rs. 95 crore, divided into 9,50,00,000 equity shares of Rs.…

EGM Date

Friday, 06th November 2026 at 03:00 AM at the registered office in Dharwad

E-voting Window

03rd November 2026, 09:00 AM to 05th November 2026, 05:00 PM

Two decisions were taken at the board meeting held on 14th October, 2026.

Authorised share capital to be increased

• The board approved altering and increasing the authorised share capital of the company from the existing Rs. 5 crore divided into 50,00,000 equity shares of Rs. 10 each to Rs. 95 crore divided into 9,50,00,000 equity shares of Rs. 10 each.
• What this means: authorised share capital is the ceiling up to which a company may issue shares. Raising that ceiling does not by itself issue any new shares; it only widens the limit available for future issuances.
• The resolution also involves a subsequent change in the capital clause of the Memorandum of Association.
• The board approved this subject to the approval of the shareholders of the company at the Annual General Meeting.

Extra-Ordinary General Meeting called

• The board fixed the day, date, time and place for the EGM: Friday, 06th November 2026 at 03:00 AM at the registered office at 2, "Shreedhar Krupa", Shreedhar Tutorials of Commerce, II Main, II Cross, Vidyagiri, Dharwad, Karnataka - 580004.
• M/s Dharti Patel & Associates, Practicing Company Secretary, has been appointed as scrutinizer for conducting the e-voting and venue voting process at the EGM.
• The e-voting period commences on Tuesday, 03rd November 2026 at 09:00 AM and ends on Thursday, 05th November 2026 at 05:00 PM.
• Members holding shares either in physical or dematerialised form as of Friday, 30th November 2026, the cut-off date for e-voting, may cast their vote through remote e-voting.
• The meeting started at 06:30 PM and concluded at 07:00 PM.

How to read this

• An increase in authorised capital is a step that creates headroom; the actual raising of money through fresh shares would be a separate event, and the update speaks only of the increase in the ceiling.
• The proposal is not yet final as it moves to the shareholders, first at the Annual General Meeting for the capital clause change, with the EGM called for Friday, 06th November 2026.
• Shareholders who wish to vote should note the e-voting dates of 03rd November 2026 to 05th November 2026 and the cut-off date of Friday, 30th November 2026 recorded in the update.

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