Shareholders approve 101x increase in authorised share capital to Rs. 20,20,00,00,000

At the 35th AGM held on 30 September 2026, members approved altering the Capital Clause of the Memorandum of Association.

Thu 1 Oct 2026

AGM Date

30 September 2026

Earlier Authorised Capital

Rs.20,00,00,000 (2,00,00,000 equity shares of Rs.10 each)

New Authorised Capital

Rs. 20,20,00,00,000 (2,02,00,00,000 equity shares of Rs.10 each)

Capital Increase Multiple

101x increase

What was approved

The members of the company, at the 35th Annual General Meeting held on Wednesday, September 30, 2026, approved the alteration of the Capital Clause (Clause V) of the Memorandum of Association. The intimation was made to BSE under Regulation 30 of the SEBI Listing Regulations, based on the Scrutinizer's Report dated September 30, 2026.

The change in figures

• Earlier: share capital of Rs.20,00,00,000 (Rupees Twenty Crore Only) divided into 2,00,00,000 (Two Crore Only) equity shares of Rs.10/- each.
• Amended: share capital of Rs. 20,20,00,00,000 (Rupees Two Thousand Twenty Crore Only) divided into 2,02,00,00,000 (Two Hundred Two Crore Only) equity shares of Rs. 10/- each.

What authorised capital means

Authorised share capital is the maximum amount of share capital a company is permitted by its constitutional documents to issue. It is a ceiling, not actual capital raised. Increasing it does not, by itself, create new shares, bring in money, or change any existing shareholder's holding.

How investors may read it

The new ceiling is 101 times the earlier one. Companies generally create such headroom before contemplating sizeable issuance of shares. Any actual issue of shares would require its own separate approvals and disclosures, and if it happens, the proportionate stake of existing shareholders could be reduced. Until then, the practical effect is the legal room to issue, plus the applicable fees and formalities of the increase.

What to watch next

• Any subsequent announcements on preferential issue, rights issue, warrants, or other instruments.
• The company's paid-up capital in future shareholding and financial disclosures, to see whether the headroom is actually used.

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