Corporate Action23 May 2026, 07:00 pm
Filatex Fashions Increases Authorized Share Capital to ₹1000 Cr
AI Summary
Filatex Fashions Ltd. has announced that its shareholders approved the increase in the Authorised Share Capital of the Company at an Extra-Ordinary General Meeting held on May 21, 2026. The Authorised Share Capital has been increased from ₹850,00,00,000 to ₹10,00,00,00,000 by creation of additional 1,50,00,00,000 Equity Shares of ₹1 each. Consequently, Clause V of the Memorandum of Association has been altered.
Key Highlights
- Filatex Fashions' shareholders approved increasing authorized share capital.
- Authorized share capital increased from ₹850 Crore to ₹1000 Crore.
- 1,50,00,00,000 new equity shares created, ranking pari-passu.
- Clause V of the Memorandum of Association altered accordingly.
Price Impact
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