Corporate Action25 Aug 2026, 04:41 pm
Ambo Agritec Ltd Increases Authorized Share Capital to ₹55 Cr
AI Summary
Ambo Agritec Ltd announced a significant increase in its authorized share capital from ₹25 Crore to ₹55 Crore. This decision was approved by the Board of Directors during their meeting on August 25, 2026. The proposal involves creating an additional 3,00,00,000 equity shares of ₹10 each. This move requires subsequent approval from the company's members. The company also approved consequential alterations to its Memorandum of Association. This is a fresh proposal, as a similar increase to ₹50 Crore was approved by the board and members previously but not implemented.
Key Highlights
- Authorized share capital increased from ₹25 Cr to ₹55 Cr.
- Board approved creation of additional 3 Cr equity shares.
- Proposal requires member approval and MOA alteration.
- Previous proposal to ₹50 Cr was not implemented.
- Board meeting also confirmed 43rd AGM date.
Price Impact
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