Quintegra Solutions Limited has informed the Exchange about the Amendment of Articles of the Company approved by the Share Holders of the Company in the AGM subject t statutory approvals
Awaiting price reaction for this filing.
Quintegra Solutions Limited has informed the stock exchanges that its shareholders approved amendments to the Articles of Association (AOA) at the Annual General Meeting held on 24th September 2025. The Board had first proposed these changes on 26th August 2025. Two new regulations have been inserted: Regulation 48, which allows the company to reduce its share capital, capital redemption reserve, or share premium account, and Regulation 4C, which permits the company to use capital reserves, general reserves, or other reserves for adjusting losses, capital reduction payouts, or other purposes. The amendments are aimed at enabling a proposed capital reduction and adjustment of accumulated losses against reserves, subject to Sections 52 and 66 of the Companies Act 2013 and other statutory approvals.
This is a preparatory step that gives the company the legal framework to undertake capital reduction, likely to write off accumulated losses against reserves. For shareholders, the actual capital reduction — if carried out — could affect share value, but the amendment itself is procedural and pending further action and regulatory clearances.