Board approves increase in Authorised Share Capital to ₹15 crore; MoA capital clause to be altered

The Board has approved raising the Authorised Share Capital from ₹ 10,00,00,000 (1,00,00,000 equity shares of ₹ 10 each) to ₹ 15,00,00,000 (1,50,00,000 equity shares of ₹ 10 each).

Mon 28 Sep 2026

Authorised Share Capital - Current

₹ 10,00,00,000

Authorised Share Capital - Proposed

₹ 15,00,00,000

Equity Shares - Current Ceiling

1,00,00,000 equity shares of ₹ 10 each

Equity Shares - Proposed Ceiling

1,50,00,000 equity shares of ₹ 10 each

New Equity Shares Created

50,00,000 equity shares of ₹ 10 each

What the Board approved

• Authorised Share Capital to rise from ₹ 10,00,00,000 to ₹ 15,00,00,000.
• Share count ceiling to rise from 1,00,00,000 equity shares to 1,50,00,000 equity shares, each of face value ₹ 10.
• This is achieved by creating an additional 50,00,000 equity shares of ₹ 10 each.

Change to the Memorandum

Clause 5 of the Memorandum of Association is proposed to be substituted to read that the share capital of the company is ₹15,00,00,000 divided into 1,50,00,000 equity shares of ₹10 each.

What happens next

• The increase and the alteration are subject to the approval of the shareholders.
• The company will initiate the steps to seek shareholders' approval, and the notice of the shareholders' meeting will be submitted to the stock exchanges in due course.

How to read this

Authorised share capital is the maximum capital a company is permitted to issue under its Memorandum. Increasing it expands the headroom available for any future issue of shares; it does not by itself change the number of shares held by existing shareholders, nor does it by itself dilute them. Dilution would depend on whether, when and at what price new shares are actually issued, which would be a separate decision and disclosure.

Investors often read such a step as preparation for possible future capital-raising or corporate actions that require more share headroom. The update states only the increase in the ceiling and the consequent change to the capital clause.

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