Mazda Limited — Others, 31-12-2024: Amendment to AOA/MOA

Mazda Limited shareholders have approved an amendment to the Capital Clause of the Memorandum of Association (MOA) through e-voting. The amendment reduces the face value of equity shares from ₹10 to ₹2 per share, increasing the number of authorized shares from 50 lakh to 2.5 crore, while maintaining the authorized share capital at ₹5 crore.

This change may enhance liquidity and attract more investors by allowing a greater number of shares. The move signals a strategic intent to optimize capital structure and foster growth. Investors might view this positively, seeing potential for increased activity in the stock.