Goldstar Power Limited — Others, 26-03-2025: Amendment to AOA/MOA

Goldstar Power Limited has announced a board meeting outcome where the Board approved increasing the authorized share capital from Rs. 26 Cr to Rs. 38 Cr, pending shareholder approval. The company plans to issue up to 4.55 crore equity shares on a preferential basis to select investors, with details provided in an annexure. An Extra-Ordinary General Meeting is set for April 24, 2025, for further decisions. This move to expand capital can provide Goldstar with opportunities for growth and financing, potentially enhancing investor sentiment. However, the dependence on shareholder approval introduces a risk regarding execution.