Genus Paper & Boards Limited — Others, 21-03-2025: Amendment to AOA/MOA

Genus Paper & Boards Limited has announced a board meeting regarding the successful passage of several resolutions from its recent Postal Ballot. Key resolutions include the cancellation of unissued equity shares, the increase of preference shares, the issuance of 7% non-cumulative redeemable preference shares on a private placement basis, and an amendment to the Articles of Association to allow for the appointment of a Nominee Director. These changes aim to enhance capital structure and governance. This development could generate a positive outlook among investors, signaling management's proactive approach to strengthening the company's financial position and governance framework.