Shareholders approve increase in Authorised Share Capital to Rs. 15,00,00,000; MoA Clause V altered

At the 17th AGM held on September 23, 2026, members approved an increase in the Company's Authorised Share Capital and the consequent change to the Memorandum of Association.

Thu 24 Sep 2026

Authorised Share Capital

Rs. 15,00,00,000 (Rupees Fifteen Crore Only)

Number of Equity Shares

1,50,00,000

Face Value per Share

Rs. 10/-

AGM Date

September 23, 2026

AGM Number

17th Annual General Meeting

What was approved

The members of the Company, at the 17th Annual General Meeting held on Wednesday, September 23, 2026 at 3:30 P.M. in Navi Mumbai, considered and approved an increase in the Authorised Share Capital and the consequent alteration of the Memorandum of Association.

The altered Clause V

• Authorised Share Capital: Rs. 15,00,00,000 (Rupees Fifteen Crore Only)
• Divided into 1,50,00,000 equity shares
• Face value Rs. 10/- each

Meeting details

The meeting concluded at 04:35 P.M. after being kept open for 15 minutes for e-voting to be completed.

What this means in simple terms

Authorised share capital is the maximum amount of share capital a company is permitted to issue under its constitutional documents. Increasing it creates headroom for any future issue of shares, but it is an enabling change on its own. The number of shares actually outstanding does not change merely because the authorised limit has been raised. Any actual issue of shares would require its own approvals and disclosures at that time.

Investors may read this as the company creating flexibility for potential future capital-raising or corporate actions, while noting that the update records only the capital increase and the related change to the Memorandum of Association.

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