Key Quantitative Figures
- Current Authorized Share Capital: ₹52,00,00,000 (Rupees Fifty-Two Crore Only)
- Current Number of Equity Shares: 5,20,00,000 (Five Crore Twenty Lakhs) equity shares of ₹10 each
- Proposed Authorized Share Capital: ₹1,52,00,00,000 (Rupees One Hundred and Fifty-Two Crore Only)
- Proposed Number of Equity Shares: 15,20,00,000 (Fifteen Crore and Twenty Lakhs) equity shares of ₹10 each
- Percentage Increase: 192.3% increase in authorized capital
Parties Involved
- Stock Exchange: BSE Limited
- Signatories: Jatinbhai Virendrabhai Shah (Managing Director, DIN: 03513997) and Shikha Agarwal (Director, DIN: 08635830)
Purpose and Rationale
The increase in authorized share capital is proposed "considering the requirement and future business prospects" of the company. The explanatory statement indicates this is necessary for the company's growth and expansion plans.
Capital Structure Impact
The resolution will alter the capital clause (Clause V) of the company's Memorandum of Association to reflect the increased authorized capital. The new shares will rank pari passu in all respects with existing equity shares.
Governance Aspects
The Board of Directors is authorized to take all necessary steps to implement this resolution without requiring further shareholder approvals. No directors or key managerial personnel are interested in the resolution except to the extent of their shareholding, if any.
Additional Information
The addendum forms an integral part of the AGM notice and is available on the company's website (www.shyamkamal.com) and BSE's website (www.bseindia.com). The memorandum of association is available for inspection at the registered office during normal business hours until the AGM date.