Shareholders approve higher authorised capital, Rs. 20 Crore borrowing limit and creation of charges
Authorised share capital raised from Rs. 14,00,00,000 to Rs. 40,00,00,000 (3,60,00,000 equity shares of Rs.10 + 40,00,000 preference shares of Rs.10).
By ScoutQuest · · 1 min read
- Authorised Share Capital - Previous
- Rs. 14,00,00,000 (1,00,00,000 equity shares of Rs.10 and 40,00,000 preference shares of Rs.10)
- Authorised Share Capital - New
- Rs. 40,00,00,000 (3,60,00,000 equity shares of Rs.10 and 40,00,000 preference shares of Rs.10)
- Borrowing Limit Approved
- Rs. 20 Crores under Section 180(1)(c)
- Mortgage/Charge/Hypothecation Limit
- ₹20,00,00,000 under Section 180(1)(a)
What shareholders approved
The company informed BSE that its 34th Annual General Meeting held on 23rd September 2026 approved three enabling resolutions.
- Authorised share capital increased from Rs. 14,00,00,000 (1,00,00,000 equity shares of Rs.10 and 40,00,000 preference shares of Rs.10) to Rs. 40,00,00,000, divided into 3,60,00,000 equity shares of Rs.10 and 40,00,000 preference shares of Rs.10 each, with consequent alteration of Clause V of the Memorandum of Association.
- Borrowing limits increased up to Rs. 20 Crores under Section 180(1)(c) of the Companies Act, 2013.
- Creation of mortgage, charge and/or hypothecation with an aggregate outstanding amount not exceeding ₹20,00,00,000 under Section 180(1)(a).
What these mean in simple terms
Authorised share capital is the ceiling up to which a company may issue shares. Raising it does not itself issue any shares; it only creates room to do so in future.
A borrowing limit under Section 180(1)(c) is the maximum the board may borrow beyond the company's own funds, and needs shareholder approval.
Creation of charges means company assets can be offered as security to lenders for those borrowings, so a lender has a claim on those assets if dues are not repaid.
How investors may read it
These are enabling approvals that expand the company's capacity to raise equity capital and debt. Actual fund-raising, borrowing or security creation would depend on future decisions by the company.
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More numbers
- Existing authorised share capitalRs. 14,00,00,000
- New authorised share capitalRs. 40,00,00,000
- Existing equity shares in authorised capital1,00,00,000 equity shares of Rs.10/-
- New equity shares in authorised capital3,60,00,000 equity shares of Rs.10/-
- Preference shares in authorised capital40,00,000 preference shares of Rupees 10/- each
- Borrowing limit approvedRs. 20 Crores
- Aggregate charge/mortgage limit₹20,00,00,000
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