Corporate Action29 Jul 2026, 12:21 pm
Siyaram Recycling Increases Authorized Capital by ₹20 Cr
AI Summary
Siyaram Recycling Industries Ltd announced that its Board of Directors has approved an increase in the company's authorized share capital. The capital will be raised from ₹25 crore to ₹45 crore, an increase of ₹20 crore. This will be achieved by creating an additional 2 crore equity shares of ₹10 each. The proposed amendment to the Memorandum of Association is subject to shareholder approval. This move is a significant corporate action that will allow for future expansion or funding needs.
Key Highlights
- Authorized share capital increased by ₹20 crore.
- New authorized capital stands at ₹45 crore.
- Increase achieved by issuing 2 crore new equity shares.
- Subject to shareholder approval.
- Requires amendment to Memorandum of Association.
Price Impact
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