Authorised share capital increased to Rs. 10,40,00,000; capital clause of MOA altered
At the 34th AGM held on September 29, 2026, members approved raising the authorised share capital.
- Earlier Authorised Capital
- Rs. 10,00,00,000 (5,00,00,000 equity shares of Rs. 2/- each)
- Revised Authorised Capital
- Rs. 10,40,00,000 (5,20,00,000 equity shares of Rs. 2/- each)
- New Equity Shares Created
- 20,00,000 equity shares of Rs. 2/- each
- AGM Date
- September 29, 2026
- MOA Amendment
- Clause 5, the Capital Clause of the Memorandum of Association, altered
What was approved
At the 34th Annual General Meeting held on September 29, 2026, shareholders of the company passed resolutions to increase the authorised share capital and to alter Clause 5, the Capital Clause, of the Memorandum of Association.
The change in numbers
- Earlier authorised capital: Rs. 10,00,00,000 divided into 5,00,00,000 equity shares of Rs. 2/- each.
- Revised authorised capital: Rs. 10,40,00,000 divided into 5,20,00,000 equity shares of Rs. 2/- each.
- Increase achieved by creation of 20,00,000 new equity shares of Rs. 2/- each.
What authorised capital means
Authorised share capital is the maximum amount of share capital a company is permitted to issue under its constitutional documents. It is a ceiling, not an actual issue of shares. Increasing it gives the company headroom to issue further shares in future should it choose to, subject to the approvals required at that time.
How investors may read it
The headroom created here is modest in relation to the existing limit. Companies commonly raise authorised capital ahead of corporate actions that need more shares to be issued. Since this step by itself does not issue any shares, there is no immediate change to the number of shares held by existing shareholders.
The intimation was made to BSE under Regulation 30 of the SEBI Listing Regulations, and the company has stated it is also available on its website.
More numbers
- Earlier authorised share capitalRs. 10,00,00,000
- Revised authorised share capitalRs. 10,40,00,000/-
- Earlier number of equity shares in authorised capital5,00,00,000
- Revised number of equity shares in authorised capital5,20,00,000
- New equity shares created20,00,000 (Twenty Lakhs)
- Face value per equity shareRs. 2/-
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