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Corporate Action1 Oct 2026, 12:42 pm

Belrise Industries: Authorized Share Capital Increased to ₹550 Crore

AI Summary

Belrise Industries Limited announced that its members, at the Annual General Meeting held on September 30, 2026, approved an increase in the company's Authorized Share Capital. The capital has been increased to INR 550,00,00,000 (₹550 Crore), divided into 1,10,00,00,000 equity shares with a face value of ₹5 each. This approval, made via an Ordinary Resolution through remote e-voting, also results in a consequent alteration to Clause V of the Memorandum of Association of the Company.

Key Highlights

  • Authorized Share Capital increased to ₹550 Crore.
  • Approved by members at the AGM on September 30, 2026.
  • Alteration made to the Memorandum of Association.
  • New capital divided into 1.1 billion equity shares of ₹5 each.