Outcome of Board Meeting
Price
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The Board of Directors of Tavernier Resources Limited met on September 5, 2025, and approved three key items: (1) the Annual General Meeting (AGM) Notice and Board Report, (2) an alteration to the main object clause of the company's Memorandum of Association (MoA), and (3) an increase in the company's Authorized Share Capital. The object clause is being amended to add a new sub-clause allowing the company to enter the film, television, web series, and digital media business — including production, distribution, post-production, marketing, and management of intellectual property rights. The Authorized Share Capital is being raised to Rs. 8,00,00,000 (Eight Crore), divided into 80,00,000 equity shares of Rs. 10 each. Both changes are subject to approval from shareholders at the AGM.
The move signals a strategic shift by the company into the entertainment and media sector, which could open new revenue streams. The hike in authorized share capital creates room for a future fundraising or stock split, which existing shareholders should watch closely — any dilution would depend on whether and how the new capital is eventually issued.