Sprayking Limited has successfully increased its authorized share capital, marking a significant step in the company's financial structure. The decision, approved by shareholders at the 21st Annual General Meeting (AGM) held on September 18, 2025, involves an alteration to the Capital Clause V in the company's Memorandum of Association.

Key Highlights of the Capital Increase

• The authorized share capital has been raised from Rs. 22.00 crores to Rs. 22.50 crores.
• The new capital structure comprises 22.50 crore equity shares, each with a face value of Re. 1.
• Shareholders approved the resolution with an overwhelming majority, with 99.99% votes in favor.

Shareholder Approval and Regulatory Compliance

The company's Managing Director, Hitesh Dudhagara, confirmed the approval through a regulatory notification to BSE Limited on September 23, 2025. This action follows the receipt of the Scrutinizer's Report dated September 20, 2025, which validated the voting process.

Additional AGM Resolutions

During the AGM, several other important resolutions were also passed:

1. Financial Statements Adoption: Shareholders approved the audited financial statements for the fiscal year ending March 31, 2025, along with the reports of the Board and auditors.

2. Director Reappointment: Mrs. Ronak Hitesh Dudhagara was reappointed as a director, with 99.98% of votes in favor.

3. Secretarial Auditor Appointment: M/s. M Rupareliya & Associates were appointed as secretarial auditors for a five-year term, receiving 99.98% approval.

4. Loan and Investment Limits: A special resolution was passed allowing the company to give loans or invest funds exceeding the limits specified under Section 186 of the Companies Act, 2013.

5. Related Party Transactions: Approval was granted for material related party transactions with Narmada Brass Industries.

Implications for Investors

The increase in authorized share capital provides Sprayking Limited with enhanced flexibility for potential future fundraising activities or stock splits, subject to necessary approvals. This move could be seen as a preparatory step for the company's growth plans or capital restructuring initiatives.

Investors and stakeholders should note that this change in authorized capital does not immediately affect the company's outstanding shares or market capitalization but sets the stage for possible future corporate actions.

As Sprayking Limited continues to evolve its capital structure, market participants will be keen to observe how the company utilizes this expanded capacity to fuel its growth strategies and create value for shareholders.

Sprayking Limited , a manufacturer and exporter of brass forged and turn components, has reported a significant increase in its financial performance for the first quarter. The company's board of directors approved the unaudited financial results in a meeting held on August 13.

Financial Highlights

The company's standalone net profit for Q1 surged to Rs. 26.46 lakh, marking a substantial 647% increase from Rs. 3.54 lakh in the previous quarter. This impressive growth in profitability was accompanied by a 34% rise in revenue from operations, which reached Rs. 914.16 lakh compared to Rs. 682.27 lakh in the preceding quarter.

Increase in Authorized Share Capital

In a strategic move, the Board of Directors approved an increase in the company's authorized share capital from Rs. 22.00 crore to Rs. 22.50 crore. This expansion will be implemented through the creation of additional equity shares with a face value of Re. 1 each. The decision aims to provide Sprayking Limited with greater financial flexibility for future growth initiatives.

Changes in Internal Audit

Sprayking Limited announced changes in its internal audit arrangements:

1. The company accepted the resignation of M/s. Shreyash C. Sheth & Associates as the Internal Auditor.
2. M/s. DGMS & Co., a practicing chartered accountancy firm based in Jamnagar, Gujarat, has been appointed as the new Internal Auditor for the next two financial years.

Additional Board Approvals

The Board of Directors also approved the following items:

1. The draft Board Report for the previous financial year.
2. The Management Discussion & Analysis Report for the previous financial year.
3. The draft notice for the upcoming 21st Annual General Meeting.

These approvals indicate that the company is preparing for its annual shareholder meeting and fulfilling its regulatory obligations.

Sprayking Limited continues to demonstrate its commitment to transparency and compliance with regulatory requirements. The company's strong financial performance in Q1, coupled with its strategic decisions, positions it for potential growth in the coming quarters.