Corporate Action22 Sept 2026, 04:22 pm
RMC Switchgears increases authorized capital to ₹20 Cr
AI Summary
RMC Switchgears Ltd shareholders have approved an increase in the company's authorized share capital from ₹15,00,00,000 (Rupees Fifteen Crores) to ₹20,00,00,000 (Rupees Twenty Crores). This change, divided into 2,00,00,000 equity shares of ₹10 each, was passed via an Ordinary Resolution at the Annual General Meeting held on September 19, 2026. The alteration amends the Capital Clause of the company's Memorandum of Association.
Key Highlights
- Shareholders approved authorized capital increase.
- Capital raised from ₹15 crore to ₹20 crore.
- New capital divided into 2 crore equity shares of ₹10 each.
- Approved at the Annual General Meeting on September 19, 2026.
- Alters the Capital Clause of the Memorandum of Association.
Price Impact
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