Disclosure for amendment in Capital Clause V of Memorandum of Association of the Company is enclosed herewith.
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At the 90th AGM held on 22 August 2025, shareholders of Kesar Enterprises approved three key changes. First, the authorised share capital was reclassified — preference shares were eliminated and the entire Rs.22 crore capital was converted into 2.20 crore equity shares of Rs.10 face value. Second, a stock split was approved where every 1 equity share of Rs.10 face value will be sub-divided into 10 equity shares of Rs.1 face value. Third, the authorised share capital was increased from Rs.22 crore to Rs.28 crore, allowing up to 28 crore equity shares of Rs.1 each. The Capital Clause V of the Memorandum of Association was amended to reflect these changes.
Existing shareholders will receive 10 shares of Rs.1 each for every 1 share of Rs.10 they currently hold, improving share liquidity and affordability. The expanded authorised capital also gives the company room to raise additional funds in the future.