Galada Power Schedules EGM for March 27 to Approve Share Capital Restructuring

2 min read Updated on 27 Feb 2026, 10:48 AM

Reviewed by

Ashish TScanX News Team

Overview

Galada Power and Telecommunication Ltd has scheduled an EGM for March 27, 2026 to seek shareholder approval for increasing authorised share capital from Rs. 11 crores to Rs. 11.75 crores and restructuring to eliminate preference shares entirely. The move aims to achieve compliance with SEBI's Minimum Public Shareholding requirements, as current promoter holding stands at 95% against regulatory norms.

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Galada Power and Telecommunication Ltd has scheduled an Extraordinary General Meeting (EGM) for March 27, 2026, following the Board of Directors' approval on February 23, 2026, for a comprehensive capital structure modification. The meeting will be held at 10:00 A.M. at the company's registered office in Uppal, Hyderabad, to seek shareholder approval for the proposed changes.

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. The more significant change involves a complete restructuring of the share composition to eliminate preference shares entirely.

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

MPS Compliance Initiative

The restructuring is primarily driven by the need to comply with SEBI's Minimum Public Shareholding (MPS) requirements under Regulation 38 of SEBI (LODR) Regulations 2015. The company's current shareholding pattern shows promoters holding 84,20,000 equity shares (95%) and public shareholders holding 4,43,158 equity shares (5%), which does not meet the regulatory requirements.

Current Shareholding:	Details
Issued & Subscribed Capital:	Rs. 8,96,31,580
Paid-up Capital:	Rs. 8,86,31,580
Promoter Shareholding:	84,20,000 shares (95%)
Public Shareholding:	4,43,158 shares (5%)
Preference Shares Status:	Already redeemed

EGM Proceedings and Resolutions

The EGM will consider two key resolutions: an ordinary resolution for increasing authorised share capital and consequent alteration of the Memorandum of Association, and a special resolution for alteration of the Articles of Association. The company has appointed S V NarayanaCharyulu, Company Secretary in Practice, as scrutinizer for the voting process.

The register of members will be closed from March 20 to March 26, 2026, with the cut-off date for voting rights set as March 20, 2026. Members can participate through e-voting or physical attendance, with the EGM notice being distributed electronically in compliance with MCA and SEBI circulars.

Regulatory Compliance Framework

V. Subramanian, Vice President & Company Secretary, has communicated the developments to the Bombay Stock Exchange as part of disclosure obligations under Regulation 30. The proposed changes require amendments to both the Memorandum of Association and Articles of Association to reflect the new capital structure and facilitate future equity issuances for MPS compliance.