Amendments to MOA and AOA as approved by the shareholders at the AGM held on September 25, 2025
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Afcom Holdings Ltd has informed BSE that shareholders at the 12th AGM held on September 25, 2025 approved two changes to the company's constitutional documents. First, a new Article 92(47A) was inserted in the Articles of Association allowing the company to issue convertible warrants or other convertible securities through preferential allotment, rights issue, or private placement. Second, the Memorandum of Association was updated to fix the authorised share capital at Rs. 30 crore, divided into 3 crore equity shares of Rs. 10 each. The AGM ran from 3:30 PM to 4:35 PM. The company secretary Ajith Kumar signed the filing on September 26, 2025.
These are enabling changes only - no shares or convertible instruments have been issued yet. The new clause gives the board flexibility to raise capital through convertible securities in the future, which could dilute existing shareholders if exercised. Investors should watch for follow-up announcements on any actual preferential allotment or fundraising.