Agarwal Fortune India Limited has announced a board meeting to approve an amendment to the Capital Clause of its Memorandum of Association.

The authorized share capital has been increased from Rs. 3.75 Cr to Rs. 8.75 Cr, expanding the equity shares from 37.5 lakh to 87.5 lakh shares of Rs. 10 each.

This change provides the company greater flexibility to raise capital, supporting potential growth and expansion plans, which is positive for shareholders.