Corporate Action28 Sept 2026, 07:20 pm
Telge Projects Increases Authorized Share Capital by ₹5 Cr
AI Summary
Telge Projects Ltd announced that its Board of Directors has approved an increase in the company's authorized share capital. The capital will be raised from ₹10 crore to ₹15 crore by creating an additional 50 lakh equity shares of ₹10 each. This move is subject to shareholder approval and will involve altering the Memorandum of Association. The company will initiate steps to obtain shareholder consent and will submit the notice for the shareholders' meeting to the stock exchanges in due course.
Key Highlights
- Authorized share capital increased by ₹5 crore.
- New authorized capital stands at ₹15 crore.
- Increase involves creating 50 lakh new equity shares.
- Subject to shareholder approval and MOA alteration.
- Company to seek shareholder consent soon.
Price Impact
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