Typhoon Financial Alters MOA, Increases Share Capital & Borrowing Limit

Typhoon Financial Services Ltd announced outcomes of its Board Meeting held on October 12, 2026. The Board approved alterations to Clause III of the Memorandum of Association (MOA), subject to member approval via Special Resolution and ROC registration. Additionally, the authorized share capital will increase from ₹3.25 Crore to ₹5.55 Crore, involving the creation of 23,00,000 new equity shares. A consequent amendment to Clause V of the MOA is also approved, pending member approval via Ordinary Resolution. The company will adopt a new MOA and Articles of Association in line with the Companies Act, 2013, subject to Special Resolution. The Board also approved an increase in borrowing powers to ₹100 Crore, subject to member approval via Special Resolution. A Postal Ballot notice and appointment of a scrutinizer were also approved.