Alpha Tribe

Allcargo Gati LimitedOthers, 21-03-2025: Amendment to AOA/MOA

21-03-2025 · 07:18 pm

Allcargo Gati Limited has announced a board meeting to discuss the approval of an increase in its Authorized Share Capital from ₹35 crore to ₹70 crore. This includes the creation of an additional 17.5 crore equity shares of ₹2 each, reflecting a significant expansion in capital structure. The resolution received the requisite majority approval from shareholders via postal ballot. This increase in capital may enhance the company’s capacity for growth and investment, which could positively influence investor sentiment, though potential dilution of existing shares warrants caution. Overall, the move signals a strategic intent to strengthen financial positioning.

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