ALPHA TRIBE

Agi Infra LimitedOthers, 02-12-2024: Amendment to AOA/MOA

02-12-2024 | 03:08 pm

AGI Infra Limited's Board has approved a 1:2 split of its equity shares, reducing the face value from ₹10 to ₹5 each, pending shareholder approval via postal ballot. This move aims to enhance liquidity and attract retail investors by making shares more affordable. Alongside the split, the Board approved changes to the Memorandum of Association's capital clause, which will allow the company to maintain an authorized capital of ₹15 crore, divided into 3 crore shares post-split. This initiative may boost investor sentiment, indicating a proactive approach towards increasing market participation.

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