StockWatch
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Other Financial Services
Board Meeting2 Sept 2026, 05:01 pm

Step Two Corp Increases Authorized Capital, Approves Preferential Issue

AI Summary

Step Two Corporation Ltd announced that its Board of Directors has approved an increase in the company's authorized share capital from ₹7.85 Crores to ₹12 Crores. Additionally, the Board has approved a preferential issue of 23,50,000 equity shares at ₹17 per share to non-promoter individuals. The company will seek shareholder approval for these proposals at the upcoming Annual General Meeting on September 28, 2026. The relevant date for determining the floor price for the preferential issue was fixed as August 28, 2026.

Key Highlights

  • Authorized share capital increased from ₹7.85 Cr to ₹12 Cr.
  • Preferential issue of 23.5 lakh shares approved at ₹17 each.
  • Issue is on a private placement basis to non-promoter individuals.
  • Shareholder approval to be sought at the AGM on September 28, 2026.
  • Relevant date for floor price determination set as August 28, 2026.