NAVA LIMITED — Others, 23-12-2024: Amendment to AOA/MOA

Nava Limited's shareholders have approved a subdivision of equity shares, modifying one existing share with a face value of ₹2 into two shares with a face value of ₹1 each. This adjustment increases the authorized share capital from 25 crore shares to 50 crore shares, reflected in amendments to the Memorandum and Articles of Association.

This move is expected to enhance liquidity by increasing the share count, potentially attracting more retail investors. The intent behind this split is likely to make shares more affordable while maintaining capital structure stability. Overall, this could lead to a positive outlook among investors by boosting market participation.