Aksh Optifibre Ltd has announced that the shareholders at the Extra-Ordinary General Meeting (EGM) of the Company held on November 18, 2006, have approved the increase of Authorised Share Capital of the Company from the existing Rs 15 Cr to Rs 21.25 Cr, divided into 4,25,00,000 equity shares of Rs 5/- each and consequential amendment in the Capital Clause of the Memorandum of Association of the Company.