Abate AS Industries Limited's shareholders have approved a significant amendment to the company's Memorandum of Association.

This update to Clause 5 establishes the Authorized Share Capital at Rs 158 crore, consisting of 15.80 crore equity shares, each valued at Rs 10. This crucial step provides the company with increased capacity and flexibility for potential future equity issuances.

It impacts the company's long-term capital structure, enabling strategic initiatives like fundraising or expansion and is a key development for stakeholders.