AGM/EGMApr 30, 2026, 10:53 AM
AGRZ EGM to Vote on Reverse Split & Capital Increase
AI Summary
Agroz Inc. has announced an Extraordinary General Meeting (EGM) to be held on May 22, 2026, to consider several key corporate actions. Shareholders will vote on an ordinary resolution to significantly increase the authorized share capital from US$11,500 to US$102,000, involving the re-designation and creation of Class A and Class B Ordinary Shares. Additionally, special resolutions include amending the company's articles of association and effectuating a reverse share split of its Class A and Class B Ordinary Shares, with a ratio ranging from 2-to-1 to 20-to-1 at the discretion of the Directors.
Key Highlights
- Agroz Inc. will hold an Extraordinary General Meeting (EGM) on May 22, 2026.
- Shareholders will vote on increasing authorized share capital from US$11,500 to US$102,000.
- Proposal includes re-designating 100M Ordinary Shares to Class A, creating 900M Class A, and 5M Class B Ordinary Shares.
- A special resolution will be voted on to amend and restate the company's memorandum and articles of association.
- Shareholders will consider a special resolution for a reverse share split of Class A and Class B Ordinary Shares.
- The proposed reverse split ratio is any whole number from 2-to-1 up to 20-to-1, at the Directors' discretion.