Announced Tue, 29 Sept, 2026 · 19:41 IST
Shareholders approve amendment to Articles of Association
MDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Marvel Decor Limited shareholders approved an amendment to Clause 14(1)(C) of the Articles of Association at the AGM on September 29, 2026. The amended clause now allows the company to issue shares to any persons, including those outside clauses (a) and (b), if authorized by a special resolution, for cash or non-cash consideration. This broadens the company's powers for share issuance.
Likely market impact
Gives the company more flexibility to issue shares for fundraising or acquisitions, but could lead to dilution if special resolutions are passed.