News Corporate Actions Galada Power and Telecommunication Ltd Board Approves Authorised Share Capital Increase to Rs. 11.75 CroresGalada Power and Telecommunication Ltd Board Approves Authorised Share Capital Increase to Rs. 11.75 Crores
Galada Power and Telecommunication Ltd's board approved increasing authorised share capital from Rs. 11,00,00,000 to Rs. 11,75,00,000 on February 23, 2026. The restructuring eliminates 10,000 preference shares and increases equity shares from 109,00,000 to 117,50,000, creating an all-equity structure. The proposal requires shareholder approval at an upcoming Extraordinary General Meeting and amendments to the company's constitutional documents.
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Galada Power and Telecommunication Ltd has announced a significant restructuring of its authorised share capital following a Board of Directors meeting held on February 23, 2026. The meeting, which commenced at 1:00 p.m. and concluded at 1:45 p.m., resulted in the approval of a comprehensive capital structure modification that will require shareholder approval.
Capital Structure Transformation
The board has approved increasing the company's authorised share capital from Rs. 11,00,00,000 to Rs. 11,75,00,000, representing an increase of Rs. 75,00,000. However, the more significant change involves a complete restructuring of the share composition.
| Parameter: | Current Structure | Proposed Structure |
|---|---|---|
| Total Authorised Capital: | Rs. 11,00,00,000 | Rs. 11,75,00,000 |
| Preference Shares: | 10,000 shares (9.5% Redeemable Cumulative) | Nil |
| Preference Share Value: | Rs. 100 each | - |
| Equity Shares: | 109,00,000 shares | 117,50,000 shares |
| Equity Share Value: | Rs. 10 each | Rs. 10 each |
Structural Simplification
The proposed changes represent a move towards a simplified capital structure by eliminating the preference share component entirely. Under the current structure, the company maintains 10,000 preference shares with a 9.5% redeemable cumulative feature valued at Rs. 100 each, alongside 109,00,000 equity shares of Rs. 10 each.
The new structure will consist exclusively of 117,50,000 equity shares of Rs. 10 each, streamlining the company's capital composition and potentially enhancing operational flexibility.
Regulatory Compliance and Next Steps
The implementation of these changes requires several regulatory steps. The company must obtain approval from shareholders through an Extraordinary General Meeting (EOGM), which has been scheduled for this purpose. Additionally, necessary amendments to both the Memorandum of Association and Articles of Association will be required to reflect the new capital structure.
V. Subramanian, Secretary and Compliance Officer, communicated the board's decision to the Bombay Stock Exchange as part of the company's disclosure obligations under Regulation 30. The company operates from its administrative office in Hyderabad, with manufacturing facilities in Silvassa, and maintains its registered office in Uppal, Hyderabad.
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