Kotyark Industries Increases Authorized Share Capital to ₹200 Cr

Kotyark Industries Ltd announced the approval by its members to increase the company's authorized share capital from ₹23 crore to ₹200 crore. This significant increase, approved via postal ballot and remote e-voting, involves altering Clause 5 of the Memorandum of Association. The authorized share capital will now be divided into 20 crore equity shares of ₹10 each, up from 2.3 crore equity shares. This move positions the company for potential future growth and expansion by increasing its financial flexibility.