Himatsingka Seide to boost capital, explore fundraising

Himatsingka Seide's board of directors, at its meeting on September 02, 2025, approved an increase in the company's authorized share capital, subject to shareholder approval at the upcoming annual general meeting. This will involve the creation of an additional 7,00,00,000 equity shares, each with a face value of Rs. 5/-, raising the total authorized share capital from the existing Rs. 75,00,00,000 to a proposed Rs. 1,10,00,00,000. The capital clause of the memorandum of association will also be altered accordingly.

The board also approved the raising of funds through the issuance of eligible securities, utilizing permissible modes as determined by the board and applicable laws, contingent on regulatory and statutory approvals. The specific type, quantum, pricing, and timing of these securities are yet to be decided.

Additionally, the board set Friday, September 19, 2025, as the record date for determining the members eligible to receive the final dividend for the financial year 2025.