Board Approves Increase in Authorised Share Capital to Rs. 39 Crore, Subject to Shareholder Approval
The Board has approved increasing the Authorised Share Capital from Rs. 5,00,00,000 (50,00,000 shares of Rs. 10 each) to Rs. 39,00,00,000 (3,90,00,000 shares of Rs. 10 each), with a consequent change to the MOA.
- Authorised Share Capital - From
- Rs. 5,00,00,000 (50,00,000 shares of Rs. 10 each)
- Authorised Share Capital - To
- Rs. 39,00,00,000 (3,90,00,000 shares of Rs. 10 each)
- Approval Required
- Shareholder approval at an Extra Ordinary General Meeting and other necessary approvals
What was approved
The Board approved an increase in the Company's Authorised Share Capital and the consequent alteration of the Memorandum of Association (MOA).
- From: Rs. 5,00,00,000 divided into 50,00,000 equity shares of Rs. 10 each
- To: Rs. 39,00,00,000 divided into 3,90,00,000 equity shares of Rs. 10 each
What this means in simple terms
Authorised Share Capital is the ceiling up to which a company is allowed to issue shares. Raising this ceiling does not by itself issue any new shares, and it does not change the existing shareholding on its own. It creates the headroom a company would need if it later decides to issue shares.
Next steps
The increase is subject to approval of the shareholders at an Extra Ordinary General Meeting, and other necessary approvals wherever required.
The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Also from Paramount Cosmetics India
Board meeting on 12 October 2026 to consider and evaluate fund-raising proposal
7 Oct 2026
Newspaper advertisement of notice for the 1st Extra-ordinary General Meeting on 29th October, 2026
6 Oct 2026
EGM on 29 October 2026: members to vote on raising authorised share capital to Rs. 39,00,00,000
5 Oct 2026
More numbers
- Existing authorised share capitalRs. 5,00,00,000/-
- Existing authorised equity shares50,00,000 (Fifty Lakh) Equity Shares
- Proposed authorised share capitalRs. 39,00,00,000/-
- Proposed authorised equity shares3,90,00,000 (Three Crore and Ninety Lakh) Equity Shares
- Face value per shareRs. 10/-
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