Board Approves Increase in Authorised Share Capital to Rs. 39 Crore; EGM on October 29, 2026

The Board approved raising the Authorised Share Capital from Rs. 5,00,00,000 (50,00,000 equity shares of Rs. 10 each) to Rs. 39,00,00,000 (3,90,00,000 equity shares of Rs. 10 each).

Tue 29 Sep 2026

Authorised Share Capital - From

Rs. 5,00,00,000 divided into 50,00,000 equity shares of Rs. 10 each

Authorised Share Capital - To

Rs. 39,00,00,000 divided into 3,90,00,000 equity shares of Rs. 10 each

EGM Date

Thursday, October 29, 2026

EGM Mode

Video conferencing or other audio-visual means

Remote E-Voting Agency

Central Depository Securities Limited (CDSL)

What the Board decided

The Board of Directors met on 29 September 2026 (3:35 PM to 3:50 PM IST) and approved an increase in the company's Authorised Share Capital.

• 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
• Consequent alteration of the Memorandum of Association

This is subject to approval of shareholders at an Extra Ordinary General Meeting and other necessary approvals, wherever required.

Shareholder approval process

An Extra Ordinary General Meeting has been convened for Thursday, October 29, 2026, through video conferencing or other audio-visual means.

• Central Depository Securities Limited (CDSL) appointed as Remote E-Voting Agency
• CS Abhishek Chhajed on behalf of SCS and Co. LLP, Practicing Company Secretaries, appointed as Scrutinizer for the remote e-voting and voting at the EGM
• The draft Notice of the EGM was discussed and approved; Executive Directors or the Company Secretary are authorised to send it to members

The EGM notice will be submitted to the stock exchange and the e-voting agency, emailed to eligible shareholders, and hosted on the company's website.

How to read this

Authorised share capital is the ceiling up to which a company is allowed to issue shares. Raising the ceiling does not by itself issue any new shares or change existing shareholding. It is usually a preparatory step that gives the company headroom for future share issuances. Investors typically watch the EGM notice and subsequent updates for details of how any such headroom may be used, since future issuances can affect the proportional holding of existing shareholders.

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