Shareholders approve rise in authorised share capital to Rs. 20 crore

Shareholders approved the increase in Authorised Share Capital at the 1st EGM for FY 2026-27 held on Saturday, October 10, 2026.

Mon 12 Oct 2026

New Authorised Share Capital

Rs. 20 crore divided into 2,00,00,000 equity shares of Rs.10/- each

Previous Authorised Share Capital

Rs. 8 crore divided into 80,00,000 equity shares of Rs.10/- each

EGM Date

Saturday, October 10, 2026

What the update says

• The company held its 1st Extra Ordinary General Meeting for the Financial Year 2026-27 on Saturday, October 10, 2026.
• Shareholders considered and approved, by passing Ordinary Resolutions, the increase in the Authorised Share Capital of the company.
• Authorised Share Capital goes from Rs. 8 crore (Rupees Eight Crore) divided into 80,00,000 (Eighty Lakh) Equity Shares of Rs.10/- each to Rs. 20 crore (Rupees Twenty Crore) divided into 2,00,00,000 (Two Crore) Equity Shares of Rs.10/- each.
• The Capital Clause (Clause V) of the Memorandum of Association is altered accordingly.
• The voting result of e-voting was declared by the company as on Monday, October 12, 2026.

What authorised share capital means

Authorised share capital is the outer limit of capital a company is permitted to issue. It sits in the Memorandum of Association. Raising this limit does not by itself bring money into the company or create fresh shares in the hands of investors. It only increases the headroom up to which shares can be issued, if and when a separate decision to issue them is taken. The resolution passed here is the shareholder approval for that higher ceiling.

Before and after

• Existing: Rs. 8 crore divided into 80,00,000 Equity Shares of Rs.10/- each.
• New: Rs. 20 crore divided into 2,00,00,000 Equity Shares of Rs.10/- each.
• The face value of each equity share stays at Rs.10/- in both the existing and the new clause.

Why a company does this

• A company cannot issue shares beyond its authorised capital, so a higher ceiling keeps room available for any future issue of shares.
• The change is recorded formally by amending the Capital Clause of the Memorandum of Association, which is what this update reports.

The Annexure

The company enclosed Annexure - A giving the existing clause and the proposed clause of the Memorandum of Association relating to the increase in authorised share capital.

How to read it

• This is a shareholder-approved structural change to the company's capital limit.
• It is the enabling step for the higher ceiling; the increase in the ceiling by itself is not an issue of shares to investors.

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