Heads UP Ventures Limited — Others, 10-03-2025: Increase in Authorised Capital

Heads Up Ventures Limited has announced a board meeting where it approved an increase in authorized share capital from ₹90 crore to ₹91.7 crore and a strategic acquisition of equity shares in Gyscoal Enterprise Private Limited (GEPL), which will become a subsidiary. This share acquisition involves a swap, with HUL allotting 16,76,546 equity shares at ₹12.37 each, indicating a strong move towards diversification into energy and automotive sectors. The potential effects include leveraging GEPL's distribution network and capitalizing on market growth in high-demand industries, fostering a positive outlook for HUL’s future revenue streams.