Board Meeting25 Aug 2026, 04:28 pm
Ambo Agritec revises authorized share capital increase proposal
AI Summary
Ambo Agritec Ltd's Board of Directors, in a meeting held on August 25, 2026, reconsidered and approved a revised proposal to increase the company's authorized share capital. The proposal now seeks to increase it from ₹25 crore to ₹55 crore, by creating an additional 3 crore equity shares of ₹10 each. This requires member approval. The Board also approved consequential alterations to the Memorandum of Association and authorized officials to take necessary steps. This follows a previous proposal approved in April 2025 that was not implemented.
Key Highlights
- Board approved revised proposal to increase authorized share capital.
- Authorized capital to be increased from ₹25 crore to ₹55 crore.
- Requires member approval and consequential MOA alteration.
- Previous proposal from April 2025 was not implemented.
- Board also fixed the date for the 43rd Annual General Meeting.
Price Impact
More from AMBOAGRI