Jai Balaji Industries Limited — Others, 20-12-2024: Amendment to AOA/MOA

Jai Balaji Industries Limited shareholders have approved a sub-division of equity shares, splitting each existing share of face value ₹10 into five shares of ₹2 each. The company’s authorized capital will be adjusted to ₹189 crore, divided into 94.5 crore equity shares of ₹2 each. Additionally, amendments to the Memorandum and Articles of Association have been made to reflect this change. This move is expected to increase liquidity and attract a broader investor base, potentially leading to a more favorable market sentiment surrounding the company’s stock.