The approval is for an increase in the authorized share capital from ₹14,00,00,000 (Rupees Fourteen Crores Only) to ₹25,00,00,000 (Rupees Twenty-Five Crores Only). This represents an increase of ₹11,00,00,000 or approximately 78.57%.
Consequently, the number of authorized equity shares is increased from 1,40,00,000 (One Crore Forty Lakh) shares to 2,50,00,000 (Two Crore Fifty Lakh) shares. The face value of each equity share remains unchanged at ₹10 (Rupees Ten) each.
This change requires an alteration to Clause V of the company's Memorandum of Association (MOA). The implementation of this capital increase is subject to the approval of the Registrar of Companies (ROC).