Authorised share capital raised to Rs. 31,50,00,000 from Rs. 16,50,00,000 after members' approval

Members approved raising the authorised share capital from Rs. 16,50,00,000 to Rs. 31,50,00,000 at the AGM held on 30 September 2026.

Thu 1 Oct 2026

Authorised Share Capital (previous)

Rs. 16,50,00,000

Authorised Share Capital (new)

Rs. 31,50,00,000

Equity Shares (previous to new)

16,50,00,000 shares become 31,50,00,000 shares

Face Value per Equity Share

Re. 1 each

AGM Date

30 September 2026

What the members approved

At the Annual General Meeting held on Wednesday, 30 September 2026, the members approved an increase in the authorised share capital of the company from Rs. 16,50,00,000 divided into 16,50,00,000 equity shares of Re. 1 each, to Rs. 31,50,00,000 divided into 31,50,00,000 equity shares of Re. 1 each. The change was made by altering the Capital Clause (Clause V) of the Memorandum of Association.

The clause now reads: "The Authorised Share Capital of the Company is Rs. 31,50,00,000/- (Rupees Thirty One Crores Fifty Lakhs only) divided into 31,50,00,000 (Thirty One Crores Fifty Lakhs) Equity Shares of Re. 1/- (Rupee One) each."

What authorised share capital means

Think of authorised share capital as the outer limit on how many shares the company is permitted to create. It is a ceiling written into the Memorandum of Association. It is not money the company has raised, and it is not the same as issued or paid-up capital.

• Earlier ceiling: Rs. 16,50,00,000 split into 16,50,00,000 equity shares of Re. 1 each.
• New ceiling: Rs. 31,50,00,000 split into 31,50,00,000 equity shares of Re. 1 each.
• The face value of each equity share remains Re. 1.

What this does and does not change

• It changes the maximum number of shares the company is allowed to create.
• The increase is in headroom; any actual issue of shares would be a separate action.
• The face value of the shares stays at Re. 1 each.

Meeting details

The approval came from the members at the Annual General Meeting, which commenced at 11:30 a.m. and concluded at 11:45 a.m. The disclosure was made to the exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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