Marc Loire Fashions Limited
Trading Symbol: MARCLOIRE
Key Quantitative Figures
- Existing Authorised Share Capital: ₹8,00,00,000 (Rupees Eight Crore)
- Existing Share Structure: 80,00,000 (Eighty Lakh) Equity Shares of ₹10 each
- New Authorised Share Capital: ₹20,00,00,000 (Rupees Twenty Crore)
- New Share Structure: 2,00,00,000 (Two Crore) Equity Shares of ₹10 each
- Increase Amount: ₹12,00,00,000 (representing a 150% increase)
Dates of Action
- EGM Date: Saturday, October 10, 2026 (1st Extra Ordinary General Meeting for FY 2026-27)
- Voting Result Declaration: Monday, October 12, 2026
- Filing Date: October 12, 2026
Parties Involved
- Stock Exchange: Bombay Stock Exchange Limited (BSE)
- Approving Authority: Shareholders of the company
Purpose and Rationale
The increase in authorised share capital and consequential alteration to the Memorandum of Association was approved to accommodate future capital requirements and growth opportunities, though specific purposes are not detailed in the disclosure.
Voting and Approval Process
The resolution was passed as an Ordinary Resolution by shareholders through e-voting. The voting results were declared on October 12, 2026, confirming shareholder approval.
Document Structure
The filing includes Annexure-A which provides the specific amendment details to Clause V of the Memorandum of Association, showing the exact change from the existing to proposed capital clause.
Financial Impact
The increase in authorised share capital does not immediately affect issued, subscribed, or paid-up capital. It creates capacity for future equity issuances up to the new authorized limit of ₹20 crore.