Rajgor Castor Derivatives Limited Approves Capital Increase and AOA Amendments
The Board of Directors of Rajgor Castor Derivatives Limited held its meeting on Friday, April 10, 2026, and approved several key corporate actions, including a substantial increase in the Authorized Share Capital and amendments to the Articles of Association (AOA).The board transacted business concerning the increase of the Authorized Share Capital. The existing Authorized Share Capital of the Company was Rs. 24,00,00,000/- (Rupees Twenty-Four Crore Only), comprising 2,40,00,000 (Two Crore Forty Lakh) Equity Shares of Rs. 10/- (Rupees Ten only) each. This was approved to be increased to Rs. 56,50,00,000/- (Rupees Fifty-Six Crore Fifty Lakh Only), divided into 5,65,00,000 (Five Crore Sixty Five Lakh) Equity Shares of Rs. 10/- (Rupees Ten only) each. This change requires the consequent alteration of Clause V of the Memorandum of Association of the Company, subject to shareholder approval via postal ballot.
Other material approvals made by the Board include:
- Approving the amendment to the Articles of Association, specifically altering or deleting relevant regulations pertaining to the common seal, subject to shareholder approval through postal ballot.
- Approving the draft notice for the Postal Ballot and related matters.
- Appointing M/s Kirti Sharma & Associates Practicing Company Secretaries to act as the scrutinizer for the voting and the issuance of the Scrutinizer Report.
The company also set the cut-off date for dispatch of the Postal Ballot Notice and entitlement of Shareholders for E-Voting as Friday, April 10, 2026.
Amendments to Key Corporate Documents
The approved amendments detailed the changes to the Memorandum and Articles of Association.The amendment to the Memorandum of Association concerning the Authorized Share Capital reflected the following transformation:
| Clause | Existing Clause | Proposed Clause |
|---|---|---|
| V | The Authorized Share Capital of the Company is Rs. 24,00,00,000/- (Rupees Twenty-Four Crore Only) divided into 2,40,00,000 (Two Crore Forty Lakh) Equity Shares of Rs. 10/- (Rupees Ten only) each. | The Authorized Share Capital of the Company is Rs. 56,50,00,000/- (Rupees Fifty-Six Crore Fifty Lakh Only) divided into 5,65,00,000 (Five Crore Sixty-Five Lakh) Equity Shares of Rs. 10/- (Rupees Ten only) each. |
Amendments to the Articles of Association regarding the Common Seal stipulated the following changes:
| Existing Article | Proposed Article |
|---|---|
| Article 16(3): 'Member' right to share Certificates' Every certificate shall be under the seal and shall specify the shares to which it relates and the amount paid-up there on. | Every certificate shall specify the shares to which it relates and the amount paid-up there on. |
| Article 16(4): 'Member' right to share Certificates' The certificate of title to shares and duplicates thereof,when necessary, shall be issued under the seal of the Company and signed by two Directors and the Secretary or authorised official(s) of the Company. | The certificate of title to shares and duplicates thereof when necessary shall be issued under the signature of two Directors and the Secretary or authorised official(s) of the Company. |
Further changes were proposed for Article 155 and Article 156, resulting in the deletion of the provisions related to the Common Seal, and amendments to Article 200 regarding document authentication.
The board approved other businesses outlined in Annexure -1, which covered miscellaneous agendas of the company.
The meeting was held at 12:15 P.M. (IST) and concluded at 12:40 P.M.
RCDL Stock Price Movement
Shares of Rajgor Castor Derivatives Limited are holding steady at ₹22.5 as of 1:07 PM, trading flat today with no change observed. The equity currently mirrors its previous close of ₹22.5, suggesting a period of consolidation in the live trading session.Source:
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