Announcement under Regulation 30 (LODR)- Amendments to Memorandum of Association
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Tavernier Resources Limited held a board meeting on September 5, 2025, where it approved changes to its Memorandum of Association, subject to shareholder approval. The company is adding a new sub-clause to its main objects to enter the entertainment and media business, covering film production, distribution, web series, documentaries, and related intellectual property activities. Alongside this, the board approved an increase in authorised share capital to Rs. 8 crore (80 lakh equity shares of Rs. 10 each). The changes still require approval from members at a general meeting.
This signals a potential business pivot into the entertainment and media sector for Tavernier Resources, which could change the company's future revenue direction. The higher authorised capital ceiling gives the board room to raise more funds later, though it does not mean new shares are being issued immediately.