StockWatch
·
Gems- Jewellery And Watches
Corporate Action5 Nov 2026, 06:22 pm

Dev Labtech Ventures Increases Authorized Capital to ₹31 Cr

AI Summary

Dev Labtech Venture Ltd announced an alteration to its Memorandum of Association (MoA) following an increase in its authorized share capital. The company's authorized share capital has been increased from ₹25 Crore to ₹31 Crore. This involves an increase in the number of equity shares from 5 Crore to 6.20 Crore, each with a face value of ₹5. This change was approved by the company's members at an Extra Ordinary General Meeting held on November 5, 2026, and consequently amends Clause 5 of the MoA.

Key Highlights

  • Authorized share capital increased from ₹25 Crore to ₹31 Crore.
  • Number of equity shares increased from 5 Crore to 6.20 Crore.
  • Face value per equity share remains ₹5.
  • Change approved at the Extra Ordinary General Meeting.
  • Memorandum of Association (MoA) clause amended.