StockWatch
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Tour, Travel Related Services
AGM/EGM1 Oct 2026, 02:02 pm

Le Travenues Technology Increases Authorised Share Capital to ₹100 Cr

AI Summary

Le Travenues Technology Ltd announced an increase in its authorised share capital from ₹501,700,000 to ₹1,000,000,000. This was approved by the members at the Twentieth Annual General Meeting held on September 30, 2026. The authorised share capital will now be divided into 990,000,000 Equity Shares of ₹1/- each and 1,000,000 Preference Shares of ₹10/- each. This change necessitates a consequent alteration to the Capital Clause (Clause V) of the Company's Memorandum of Association. The announcement follows up on a previous communication dated August 06, 2026, regarding the outcome of a Board Meeting.

Key Highlights

  • Authorised share capital doubled to ₹100 Crore.
  • Equity share base increased significantly.
  • Memorandum of Association capital clause altered.
  • Approval obtained at the Annual General Meeting.