India Glycols Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
INDIAGLYCO · price
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India Glycols Limited has informed the stock exchanges that its members have approved the adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA) through a postal ballot. The changes are primarily to align the company's constitutional documents with the provisions of the Companies Act, 2013, replacing the earlier versions based on the Companies Act, 1956. There is no change in the main objects of the company. The new MOA also reflects an authorized share capital of Rs. 45 crore divided into 9 crore equity shares of Rs. 5 face value each. Several obsolete clauses were deleted, and the liability clause was updated to reflect the modern format.
This is a routine housekeeping and compliance update with no impact on the company's business operations, main objects, or shareholder rights. Existing shareholders are not affected as no dilution or capital restructuring is involved.