Shareholders approve increase in authorised share capital to ₹1,000,000,000 and MoA capital clause change

At the 20th AGM held on September 30, 2026, members approved raising the authorised share capital.

Thu 1 Oct 2026

Old Authorised Capital

₹501,700,000 (501,600,000 equity shares of ₹1 each + 10,000 preference shares of ₹10 each)

New Authorised Capital

₹1,000,000,000 (990,000,000 equity shares of ₹1 each + 1,000,000 preference shares of ₹10 each)

AGM Date

September 30, 2026

Meeting

20th Annual General Meeting

MoA Amendment

Clause V of Memorandum of Association substituted

What was approved

Shareholders at the Twentieth Annual General Meeting, held on Wednesday, September 30, 2026, approved an increase in the Company's authorised share capital and the consequent alteration of the capital clause of the Memorandum of Association. This is in furtherance of the Board outcome communicated on August 06, 2026.

The change in numbers

• Existing authorised capital: ₹501,700,000, divided into 501,600,000 equity shares of ₹1 each and 10,000 preference shares of ₹10 each.
• Revised authorised capital: ₹1,000,000,000 (Rupees One Hundred Crore), divided into 990,000,000 equity shares of ₹1 each and 1,000,000 preference shares of ₹10 each.
• Clause V of the Memorandum of Association stands substituted with the revised wording.

What authorised capital means

Authorised share capital is the maximum amount of share capital a company is permitted to issue under its constitutional documents. Raising it creates headroom for future corporate actions that a company may consider, such as issuing new shares, bonus issues or other instruments, each of which would require its own approvals and disclosures. By itself, an increase in authorised capital does not issue any shares and does not change the number of shares held by existing shareholders.

How investors may read it

The step is an enabling, procedural action completed with shareholder approval. Investors generally view a larger authorised capital as preparation for flexibility in future fund-raising or capital restructuring. Any actual issuance would be a separate event with its own terms.

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