Coastal Corporation Limited — Others, 23-12-2024: Amendment to AOA/MOA

Coastal Corporation Limited has announced a board meeting to approve a 1:5 split of its equity shares, reducing the face value from ₹10 to ₹2 per share, pending shareholder approval. This move aims to enhance liquidity and encourage retail investor participation by making shares more affordable. The company will also alter the capital clause in its Memorandum of Association and shift its registered office to a new location. Investor sentiment may experience a positive outlook due to the anticipated increase in share affordability and broader participation.