Amendment to the MOA in 34th AGM held on 14th July, 2025
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At its 34th Annual General Meeting held on July 14, 2025, shareholders of Abate As Industries approved an amendment to the Memorandum of Association via special resolution. The change involves increasing the authorised share capital to Rs. 158 crore, divided into 15.8 crore equity shares of Rs. 10 each. The company has filed this intimation under SEBI Listing Regulations 2015. The previous authorised capital figure was not specified in the filing, but the revised limit is now fixed at Rs. 158 crore.
Increasing authorised share capital gives the company room to raise additional funds in the future through equity issuance, but no actual fundraising, dilution, or capital raise has been announced yet. For current shareholders, there is no immediate impact on shareholding or stock price.