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Ashoka Metcast Limited has announced a board meeting to approve an increase in its authorised share capital from Rs. 75 Cr (7.5 crore equity shares of Rs. 10 each) to Rs. 95 Cr (9.5 crore equity shares of Rs. 10 each). This change requires amending the Capital Clause V of the Memorandum of Association, subject to shareholder approval via postal ballot. The capital raise enhances the company’s capacity to raise funds for growth or operational needs, providing flexibility to support future business expansion.