IOL Chemicals and Pharmaceuticals Limited — Others, 31-01-2025: Amendment to AOA/MOA

IOL Chemicals and Pharmaceuticals Limited has amended its Memorandum of Association (MOA), approved by shareholders via a Postal Ballot. This change entails subdividing existing equity shares from a face value of Rs 10 each to Rs 2 each, adjusting the authorized share capital to Rs 80 crore, divided into 40 crore equity shares.

This strategic move can enhance liquidity and potentially attract a broader base of investors, which may lead to positive sentiment in the market. Shareholders should monitor how this decision could impact the company's capital structure and future growth opportunities.