Money Masters Leasing & Finance Seeks Shareholder Approval for Authorized Share Capital Increase

2 min read Updated on 24 Jul 2025, 04:32 PM

Reviewed by

Radhika SScanX News Team

Overview

Money Masters Leasing & Finance Limited proposes to increase its authorized share capital from Rs. 34.00 crore to Rs. 60.00 crore, a 76.47% increase. The plan involves raising the number of authorized equity shares by 26 crore while maintaining the same number of preference shares. Shareholder approval is required through a postal ballot, with e-voting scheduled from July 24 to August 22, 2025. If approved, this would amend Clause V of the company's Memorandum of Association, potentially allowing for future capital raising to support long-term business requirements.

*this image is generated using AI for illustrative purposes only.

Money Masters Leasing & Finance Limited has announced plans to increase its authorized share capital, a move that requires shareholder approval through a postal ballot. The company is taking this step to support its long-term business requirements and facilitate potential future capital issuances.

Proposed Capital Increase

The Board of Directors, in a meeting held on July 22, 2025, approved a recommendation to increase the company's authorized share capital from Rs. 34.00 crore to Rs. 60.00 crore. This significant boost represents a 76.47% increase in the authorized capital base.

Details of the Proposed Change

The current authorized share capital structure of Money Masters Leasing & Finance is as follows:

Type of Shares	Number of Shares	Face Value
Equity Shares	30,30,00,000	Re. 1
Preference Shares	37,00,000	Rs. 10

The proposed new structure would be:

Type of Shares	Number of Shares	Face Value
Equity Shares	56,30,00,000	Re. 1
Preference Shares	37,00,000	Rs. 10

This change would increase the number of authorized equity shares by 26 crore while maintaining the same number of preference shares.

Voting Process

The company has initiated a postal ballot process to seek shareholder approval for this capital increase. The key dates for the voting process are:

Cut-off date for eligible voters: July 18, 2025
E-voting period: July 24, 2025 (9:00 a.m. IST) to August 22, 2025 (5:00 p.m. IST)
Results declaration: On or before August 26, 2025

The company has engaged National Securities Depository Limited (NSDL) to provide the e-voting facility to its shareholders.

Implications and Next Steps

If approved, this increase in authorized share capital would require an amendment to Clause V of the company's Memorandum of Association. The move could potentially allow Money Masters Leasing & Finance to raise additional capital in the future, which could be used for various purposes such as expansion, debt reduction, or other strategic initiatives.

Shareholders are advised to carefully review the postal ballot notice and cast their votes before the deadline. The outcome of this vote could have significant implications for the company's future capital structure and growth strategies.

Money Masters Leasing & Finance Limited's move to increase its authorized share capital reflects the company's proactive approach to ensuring it has the financial flexibility to pursue its long-term business objectives. Shareholders will play a crucial role in determining whether this strategic decision moves forward.

Historical Stock Returns for Money Masters Leasing & Finance