Australian Premium Solar (India) Limited, formerly known as Australian Premium Solar (India) Private Limited, has made a significant move by amending its Memorandum of Association (MOA). The amendment, which was approved at an Extra Ordinary General Meeting (EGM) held on January 9, 2025, introduces a critical change to the company’s capital clause. This decision was made in accordance with the Regulation 30 read with Schedule III of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval and subsequent amendment to the MOA were communicated to the National Stock Exchange (NSE) under the trading symbol APS and ISIN INE0P0001010.

Details of the Amendment to the Memorandum of Association

The core change revolves around an increase in the authorized share capital of Australian Premium Solar (India) Limited. Previously, the company’s authorized share capital stood at ₹ 20,00,00,000 (Rupees Twenty Crore), which was divided into 2,00,00,000 (Two Crore) equity shares of ₹ 10 each. With the approval, the company has raised its authorized share capital to ₹ 22,00,00,000 (Rupees Twenty-Two Crore), divided into 2,20,00,000 (Two Crore Twenty Lakh) equity shares of ₹ 10 each.

This change is reflected in the amended Clause V of the Memorandum of Association (MOA), replacing the original clause. The newly amended clause clearly outlines the authorized share capital as ₹ 22,00,00,000, with the new distribution of equity shares.

Implications of the Share Capital Increase

This increase in authorized share capital will potentially provide Australian Premium Solar (India) Limited with greater financial flexibility. The company can now issue more shares, which may help in raising additional funds for expansion, capital investments, or other corporate needs. It’s an essential move for the company to align its capital structure with its future growth plans and objectives.

By increasing its authorized share capital, Australian Premium Solar positions itself better for future business ventures, including expansion into new markets, research and development, or investments in infrastructure, which is crucial in the ever-growing solar energy sector. This capital restructuring is likely to attract more interest from investors and provide the company with the ability to issue new shares to raise capital for future projects.

SEBI Regulations and Compliance

As part of the SEBI regulations, such amendments to the Memorandum of Association are required to be disclosed to the stock exchanges, ensuring transparency and compliance with the corporate governance framework. The company has adhered to the regulations by notifying SEBI and the National Stock Exchange of the amendment and its approval by the shareholders at the EGM.

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