Corporate Action12 Oct 2026, 07:00 pm
Marc Loire Fashions Increases Authorised Share Capital to ₹20 Crore
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 at an Extra Ordinary General Meeting (EGM) held on October 10, 2026. This increase involves expanding the authorized equity shares from 80,00,000 to 2,00,00,000 shares, each with a face value of ₹10. The consequential alteration in the Capital Clause of the Memorandum of Association has also been approved. The voting results were declared on October 12, 2026. This move is a significant corporate action that could facilitate future fundraising or expansion plans.
Key Highlights
- Authorised share capital increased from ₹8 Crore to ₹20 Crore.
- Number of equity shares increased from 80 Lakh to 2 Crore.
- Shareholders approved the increase via Ordinary Resolutions at EGM.
- Memorandum of Association's Capital Clause amended accordingly.
Price Impact
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