Altınay Defence Technologies [BIST: ALTNY] has decided to raise its authorised capital ceiling from TL 1 billion to TL 5 billion, according to a disclosure filed with Türkiye’s Public Disclosure Platform (KAP).
The decision was approved by the company’s board of directors on 16 March 2026. Under the plan, the authorised capital ceiling will increase to TL 5,000,000,000 and remain valid for the 2026–2030 period. The company currently operates with an authorised capital ceiling of TL 1 billion.
Altınay said it will apply to the Capital Markets Board in accordance with the Communiqué on the Registered Capital System. Following regulatory approval, the amendment to the articles of association will be submitted to the first general assembly meeting for shareholder approval. Necessary procedures will also be carried out before the Ministry of Trade and other relevant authorities.
The increase is designed to provide the company with greater flexibility for potential capital increases and future investments during the authorised capital period.
Altınay operates in several high-technology sectors including aerospace structures, robotics and space systems, and has increasingly become part of Türkiye’s defence and aerospace supply chains.
The company is involved in projects linked to Türkiye’s emerging next-generation aerospace ecosystem, including work connected to programmes such as the KAAN fighter aircraft and other advanced platforms. The higher authorised capital ceiling will provide additional financial flexibility for potential capital increases as these programmes progress.
Author: Özgür Ekşi
