Clarification27 Jul 2026, 04:11 pm
Geetanjali Credit and Capital Ltd Corrects Authorized Share Capital Disclosure
AI Summary
Geetanjali Credit and Capital Ltd has issued a clarification regarding a typographical error in its previous board meeting outcome dated July 16, 2026. The company has corrected the proposed increase in its Authorized Share Capital. The authorized capital will now be increased from ₹5 Crores (50,00,000 Equity Shares of ₹10 each) to ₹95 Crores (9,50,00,000 Equity Shares of ₹10 each). This change is subject to shareholder approval at the upcoming Annual General Meeting. All other aspects of the previous board meeting outcome remain unchanged.
Key Highlights
- Company corrects inadvertent typographical error in share capital disclosure.
- Authorized Share Capital increased from ₹5 Cr to ₹95 Cr.
- Increase involves 50 Lakh Equity Shares to 9.5 Crore Equity Shares.
- Change requires shareholder approval at the AGM.
- No other changes to the prior board meeting outcome.
Price Impact
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