Regis Industries Ltd Announces 1:10 Equity Share Split and Memorandum of Association Alteration

Regis Industries Ltd has announced a proposal to sub-divide its existing equity shares of face value of Rs. 10/- each into 10 (ten) equity shares of face value of Rs 1/-each, subject to approval by shareholders. The company also plans to alter the Capital Clause (Clause V) in the Memorandum of Association. The Board of Directors approved these proposals in a meeting held on November 18, 2024. The equity share capital will increase from Rs. 20,00,00,000 to Rs. 20,00,00,000 post-split, with the number of shares increasing from 1,72,07,600 to 20,00,00,000. The company expects to complete these changes within three months from the date of receipt of approval from shareholders through Postal Ballot or Extraordinary General Meeting (EGM), subject to the completion of statutory requirements.