AGM/EGM1 Oct 2026, 02:50 pm
Sparkle Gold Rock Increases Authorised Share Capital
AI Summary
Sparkle Gold Rock Ltd announced that its shareholders, at the 35th Annual General Meeting held on September 30, 2026, approved the alteration of the Capital Clause of the Memorandum of Association. The company's authorised share capital has been increased from Rs. 20 Crore (divided into 2 Crore equity shares of Rs. 10 each) to Rs. 20,200 Crore (divided into 202 Crore equity shares of Rs. 10 each). This significant increase in authorised capital is a corporate action that allows the company greater flexibility for future fundraising or expansion activities.
Key Highlights
- Shareholders approved an increase in authorised share capital.
- Authorised capital raised from Rs. 20 Crore to Rs. 20,200 Crore.
- The change allows for greater future financial flexibility.
- This was approved at the 35th Annual General Meeting on Sept 30, 2026.
Price Impact
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