Atal Realtech Limited — Others, 11-06-2025: Increase in Authorised Capital
11-06-2025 | 07:24 pm
11-06-2025 | 07:24 pm
Atal Realtech Ltd. has announced a board meeting outcome approving an increase in authorized share capital from Rs. 23 Cr to Rs. 28 Cr, expanding equity shares from 11.5 Cr to 14 Cr at Rs. 2 each, subject to shareholder approval. It has approved a preferential issue of 72 lakh warrants to promoters and 1.6875 Cr equity shares to non-promoter investors at Rs. 16 per share/warrant. Proceeds will support capacity enhancement, sales, marketing, and R&D. Warrants are convertible into equity within 18 months. Shareholders will vote on these proposals at an upcoming Extraordinary General Meeting.
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