Corporate Action1 Jun 2026, 05:32 pm
Shakti Press to Increase Authorized Share Capital to ₹50.43 Cr
AI Summary
Shakti Press Ltd has announced a proposal to increase its authorized share capital from ₹31,53,00,000 to ₹50,43,00,000. This decision, aimed at facilitating further capital infusion for expansion, will be considered at an Extra Ordinary General Meeting on June 25, 2026. The alteration involves increasing the number of equity shares and requires shareholder approval and regulatory clearances.
Key Highlights
- Shakti Press proposes increasing authorized share capital to ₹50.43 Cr.
- The increase supports the company's expansion plans and capital infusion.
- EGM scheduled for June 25, 2026, to approve the alteration.
- The capital increase includes additional equity shares of ₹10 each.
- Alteration requires approval from shareholders and regulatory bodies.
Price Impact
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