AGM/EGM12 Oct 2026, 07:10 pm
Marc Loire Fashions Increases Authorised Share Capital to ₹20 Cr
AI Summary
Marc Loire Fashions Limited announced that its shareholders approved an increase in the company's authorized share capital from ₹8 Crore to ₹20 Crore during an Extra Ordinary General Meeting (EGM) held on October 10, 2026. This significant increase, from 80,00,000 equity shares to 2,00,00,000 equity shares of ₹10 each, will also result in a consequential alteration of the capital clause in the company's Memorandum of Association. The voting results were declared on October 12, 2026. This move is typically a precursor to future fundraising or expansion plans.
Key Highlights
- Authorised share capital increased from ₹8 Cr to ₹20 Cr.
- Shareholders approved the capital increase via ordinary resolution.
- Memorandum of Association capital clause will be altered.
- The EGM was held on October 10, 2026.
- Voting results declared on October 12, 2026.
Price Impact
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