
Geetanjali Credit to Increase Authorized Capital to ₹95 Cr
Geetanjali Credit and Capital Ltd announced the outcome of its Board Meeting held on October 14, 2026. The Board approved increasing the company's Authorized Share Capital from the existing ₹5,00,00,000 (₹5 Crore) to ₹95,00,00,000 (₹95 Crore). This change, along with a subsequent alteration in the Memorandum of Association, is subject to shareholder approval at an upcoming Annual General Meeting. Additionally, the Board fixed an Extra-Ordinary General Meeting (EGM) for Friday, November 6, 2026, at 03:00 AM. M/s Dharti Patel & Associates has been appointed as the Scrutinizer for the e-voting and venue voting process. The e-voting period will commence on Tuesday, November 3, 2026, at 09:00 AM and conclude on Thursday, November 5, 2026, at 05:00 PM, with the cut-off date for e-voting being Friday, November 30, 2026.
Key Highlights
- Board approved increasing authorized capital from ₹5 Cr to ₹95 Cr.
- The capital increase requires shareholder approval at an AGM.
- An EGM is scheduled for November 6, 2026.
- E-voting for the EGM will run from November 3 to November 5, 2026.
Price Impact
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