Jindal Capital Ltd Board Approves ₹10 Crore Hike in Authorized Share Capital
Jindal Capital Ltd announced key outcomes following a meeting of its Board of Directors held on April 22, 2026. The board approved a significant increase in the company's authorized share capital and laid out the necessary steps for seeking shareholder approval for major corporate actions.The Board of Directors approved increasing the company's Authorized Share Capital from ₹12,00,00,000 to ₹22,00,00,000. This increase comprises an addition of ₹10,00,00,000, created through 1,00,00,000 additional Equity Shares of ₹10 each. This capital enhancement necessitates a consequent amendment to the Capital Clause (Clause V) of the company’s Memorandum of Association, which is subject to the approval of the shareholders.
For quick reference, the financial details of the capital restructuring are as follows:
| Particulars | Details |
|---|---|
| Existing Authorized Share Capital | ₹12,00,00,000 (Rupees Twelve Crore Only) divided into 1,20,00,000 (One Crore Twenty Lakhs) Equity Shares of ₹10/- each |
| Increase in Authorized Share Capital | ₹10,00,00,000 (Rupees Ten Crore Only) by creation of 1,00,00,000 (One Crore) additional Equity Shares of ₹10/- each |
| Revised Authorized Share Capital | ₹22,00,00,000 (Rupees Twenty-Two Crore Only) divided into 2,20,00,000 (Two Crore Twenty Lakhs) Equity Shares of ₹10/- each |
During the same board meeting, the company's board also deferred the proposal concerning the alteration of the Main Objects Clause of the Memorandum of Association to a later date. Furthermore, the Board approved the conduct of a Postal Ballot to seek shareholder approval for the aforementioned capital increase.
Stock Price Movement
Jindal Capital Ltd shares settled at ₹38.00 today, marking a sharp decline of 2.84% for the session. Throughout the day, the stock exhibited significant movement, trading within a range set by a low of ₹37.63 and a high of ₹40.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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