Members Approve Reclassification of Authorised Share Capital, MoA Clause V Amended

At the 55th AGM held on September 29, 2026, members passed a Special Resolution to reclassify the Authorised Share Capital and amend Clause V of the Memorandum of Association.

Wed 30 Sep 2026

Authorised Share Capital

Rs. 1,95,90,82,530/-

Equity Shares Authorized

5,30,13,932 equity shares of Rs. 10 each

Preference Shares Authorized

14,28,94,321 preference shares of Rs. 10 each

AGM Date

September 29, 2026

Resolution Type

Special Resolution to reclassify Authorised Share Capital and amend Clause V of MoA

What was shared

Kinetic Engineering Limited disclosed to BSE under Regulation 30 that its members approved a Special Resolution on "Reclassification of Authorised Share Capital and consequent Alteration of Memorandum of Association" at the 55th Annual General Meeting held on Tuesday, September 29, 2026.

The amended Clause V

The Authorised Share Capital of the Company is Rs. 1,95,90,82,530/- divided into:

• 5,30,13,932 Equity Shares of face value Rs. 10 each
• 14,28,94,321 Preference Shares of face value Rs. 10 each

Clause V also retains the Company's power to increase or reduce its share capital and to divide shares into different classes with such rights, privileges, conditions or restrictions as permitted under the Companies Act, 2013 and the Articles of Association.

What this means in simple terms

Authorised share capital is the maximum amount of capital a company is permitted by its charter to raise through shares. Reclassification rearranges how that maximum is divided between equity shares and preference shares.

• It is an enabling change at the constitutional-document level.
• By itself it does not allot any shares, does not bring in money, and does not alter the current shareholding of existing investors.
• Any actual issue of equity or preference shares in future would require its own approvals and disclosures.

How investors may read it

The structure shows a large share of the authorised capital earmarked for preference shares, which gives the Company headroom to use preference instruments if it chooses to. Whether and when such capital is used is a separate matter from this approval.

The update was signed by Ajinkya Firodia, Managing Director.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.