Agarwal Industrial Corp Amends MOA at AGM
Agarwal Industrial Corporation Ltd announced an amendment to its Memorandum of Association (MOA) during its 32nd Annual General Meeting held on September 24, 2026. The amendment, approved by shareholders via a special resolution, involves adding new main and ancillary objects. These new objects include expanding into the business of chemical and petrochemical trading, undertaking engineering, procurement, and construction (EPC) for infrastructure projects like roads and highways, entering into joint ventures for infrastructure development, and managing toll collection systems and related transit management services. Additionally, the company will now be able to operate and maintain road construction machinery and provide related engineering, technical, and logistics services.
Key Highlights
- MOA amended to include new main and ancillary business objects.
- Expansion into chemical/petrochemical trading and EPC for infrastructure.
- New objects cover joint ventures for infrastructure projects.
- Company can now manage toll collection and transit services.
- Addition of machinery operation and logistics services.
Price Impact
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