Announcement under Regulation 30 (LODR) - Amendment to MOA and AOA - Reclassification of Authorized Share Capital of the Company.
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Choksi Asia Ltd has received approval from the Registrar of Companies to reclassify its authorized share capital, which now stands at Rs. 15.01 crores divided into 96,23,257 equity shares of Rs. 10 each and 9,97,545 preference shares of Rs. 54 each. This reclassification is part of the Scheme of Amalgamation of Choksi Asia Private Limited with Choksi Imaging Limited (now Choksi Asia Limited). The filing under Regulation 30 of LODR updates the Memorandum and Articles of Association to reflect this new capital structure. The change is administrative in nature and formalizes the introduction of non-convertible redeemable preference shares into the company's capital base.
This is a procedural corporate action tied to the earlier amalgamation; it does not change existing equity holders' stake or company value in the short term. Investors should monitor for any future announcements regarding the actual issuance or terms of the preference shares.