SRIVARU Holding (SVMH) has released an update.
SRIVARU Holding Limited’s shareholders have approved a series of proposals during their Extraordinary General Meeting, including a reverse share split, adjustments to the authorized share capital, and amendments to the Securities Escrow Agreement. These resolutions aim to restructure the company’s capital, allowing for a reverse split at an exchange ratio of up to 1:15, and to increase the authorized share capital substantially, offering flexibility for future corporate maneuvers.
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