Board Meeting15 Jul 2026, 11:39 am
Billionbrains Garage Ventures Ltd Reclassifies Share Capital
AI Summary
Billionbrains Garage Ventures Ltd announced a reclassification of its authorised share capital following a Board Meeting. The company's authorised share capital will be reclassified from ₹5000 Crores, divided into 2332.50 Crores Equity Shares of ₹2 each and 33.50 Crores Preference Shares of ₹10 each, to ₹5000 Crores divided into 2500 Crores Equity Shares of ₹2 each. This change necessitates a consequential alteration in the capital clause of the Memorandum of Association, subject to shareholder approval. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and appointed Ernst & Young LLP as the Internal Auditor for FY 2026-27.
Key Highlights
- Authorised share capital reclassification approved by the Board.
- Equity share count to increase to 2500 Crores from 2332.50 Crores.
- Memorandum of Association alteration requires shareholder approval.
- Unaudited financial results for Q1 FY27 approved.
- Ernst & Young LLP appointed as Internal Auditor for FY 2026-27.
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