OBSC Perfection Increases Authorized Share Capital and Announces Preferential Issue
OBSC Perfection Limited, formerly known as OBSC Perfection Private Limited, announced key outcomes from its Board of Directors meeting held on August 5, 2026. The board approved an increase in the company's authorized share capital and green-lighted a preferential issue through which the company will raise funds by issuing equity shares to non-promoter groups.Authorized Capital Enhancement
The Board approved increasing the Authorized Share Capital of the Company. Previously, the authorized capital was Rs 27,00,00,000, divided into 2,70,00,000 equity shares of Rs 10/- each. The updated authorization raises this amount to Rs 30,00,00,000, which will be represented by 3,00,00,000 equity shares, maintaining a face value of Rs 10/- each.
Preferential Issue Details
The company also approved the issuance of up to 14,39,600 equity shares on a preferential basis targeting the Non-Promoter Group. The issue price for these shares has been set at Rs 601/- per share, which includes a premium of Rs 591/-.
The allocation details of the maximum proposed shares among the named investors are as follows:
| Name of Proposed Allottee | Maximum Number of Shares Proposed to be Allotted |
|---|---|
| Sixteenth Street Asian Gems Fund | 11,64,800 |
| Flamboyawer Finance Private Limited | 2,74,800 |
The proposed allotment represents a maximum of 14,39,600 equity shares in total. The allocation details show the following percentages on a fully diluted basis:
| Allottee Name | Percentage on Fully Diluted Basis |
|---|---|
| Sixteenth Street Asian Gems Fund | 4.27% |
| Flamboyawer Finance Private Limited | 1.01% |
Extra-Ordinary General Meeting Scheduled
To seek shareholder approval for these matters, the Board approved convening an Extra-Ordinary General Meeting (EGM). The EGM is scheduled for Wednesday, September 02, 2026, at 12:30 p.m. IST.
Friday, August 7, 2026, has been designated as the cut-off date for determining shareholder eligibility for dispatching the Notice of EGM and e-voting details. Mr. Nitin Bhatia, Proprietor of M/s. Nitin Bhatia & Co, was appointed as the Scrutinizer to oversee the e-voting process for the meeting.
OBSCP Stock Price Movement
Shares of OBSC Perfection Limited are edging higher to ₹697.6 as of 3:21 PM, having rallied by 1.48% and nearing a significant 52-week high. The climb is supported by steady trading activity, with the stock seeing 55,600 shares move in this live market session.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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