Steelman Telecom Ltd — Important, 19-03-2026: Company Update

Steelman Telecom's shareholders have approved a significant change to the company's Memorandum of Association, increasing the authorized share capital from Rs. 11 crore to Rs. 12.50 crore. This expansion creates an additional Rs. 1.50 crore (1.5 million) in equity share capital, comprising 1.5 million new shares of Rs. 10 each. This move provides the company with greater flexibility for future capital-raising activities or strategic growth initiatives by allowing it to issue more shares. It's a key update impacting the company's financial structure and long-term funding potential.