Senco Gold Limited — Others, 27-11-2024: Amendment to AOA/MOA

Shareholders of Senco Gold Limited have approved amendments to the Memorandum of Association (MOA) and Articles of Association (AOA) through resolutions passed via Postal Ballot. The changes include a subdivision of equity shares, reducing the face value from Rs 10 to Rs 5. The authorized share capital will now stand at Rs 114 crore, broken down into Rs 100 crore for equity shares and Rs 14 crore for preference shares.

This restructuring may enhance liquidity and attract investors by making shares more affordable. Overall, this strategic move presents a positive outlook for shareholder engagement and future capital adjustments.