Galada Power & Telecommunication Ltd. Boosts Authorised Share Capital by 6.8%

In a recent Board Meeting, the Directors of Galada Power & Telecommunication Ltd. approved an increase in the company's Authorised Share Capital. The new capital will amount to Rs. 11,75.00,000 (Rupees Eleven Crores Seventy-Five Lacs Only), a 6.8% increase from the current Rs. 11,00,00,000/- (Rupees Eleven Crores Only). This decision will result in the issuance of 117,50,000 Equity Shares of Rs. 10 each, replacing the existing structure of 10,000 9.5% Redeemable Cumulative Preference Shares of Rs.100 each and 109,00,000 Equity shares of Rs. 10 each. The necessary amendments in the memorandum of Association and Articles of Association of the Company will be made subject to the approval of members in the ensuing Extra Ordinary General Meeting (EOGM).