Corporate Action22 Apr 2026, 04:07 pm
Jindal Capital Board Approves ₹10 Cr Increase in Authorized Share Capital
AI Summary
Jindal Capital Limited's Board of Directors approved an increase in the company's Authorized Share Capital from ₹12,00,00,000 to ₹22,00,00,000. This increase of ₹10,00,00,000 will be achieved by creating 1,00,00,000 additional Equity Shares of ₹10/- each. The amendment to the Capital Clause of the Memorandum of Association is subject to shareholder approval, which will be sought through a Postal Ballot. The Board also deferred a proposal to alter the Main Objects Clause of the Memorandum of Association to a later date.
Key Highlights
- Authorized Share Capital increased by ₹10 crore to ₹22 crore.
- 1 crore new equity shares of ₹10 each will be created.
- Shareholder approval required via postal ballot for the capital increase.
- Amendment to Memorandum of Association's Capital Clause approved.
- Proposal to alter Main Objects Clause deferred by the Board.
Price Impact
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