StockWatch
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Plastic Products - Industrial
Board Meeting25 Jul 2026, 06:10 pm

Bloom Dekor Increases Authorized Share Capital to ₹15.2 Cr

AI Summary

Bloom Dekor Ltd announced that its Board of Directors, in a meeting held on July 25, 2026, approved an increase in the company's authorized share capital. The capital will be raised from ₹10 crore to ₹15.2 crore. This move is a consequence of an order passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench, on June 18, 2026, which approved a Resolution Plan under the Insolvency and Bankruptcy Code, 2016. The alteration to Clause V of the Memorandum of Association is required to reflect this change. No separate shareholder approval is needed for this increase.

Key Highlights

  • Board approved increase in authorized share capital.
  • Authorized capital to rise from ₹10 crore to ₹15.2 crore.
  • Increase follows NCLT order approving a Resolution Plan.
  • Alteration to Memorandum of Association is consequential.
  • No additional shareholder approval required.