Business Update13 Aug 2026, 05:52 pm
Agarwal Industrial Corp Ltd to alter MOA for business diversification
AI Summary
Agarwal Industrial Corporation Ltd announced that its Board of Directors has approved the alteration of the Memorandum of Association (MOA) to include new main and ancillary objects for business diversification. This includes venturing into the chemical and petrochemical trading business, as well as engineering, procurement, and construction (EPC) for infrastructure projects like roads and highways. The company also approved the unaudited financial results for the quarter ended June 30, 2026, and set the book closure period from September 18 to September 24, 2026, for dividend payment and e-voting at the upcoming AGM on September 24, 2026. The dividend proposed is ₹3.30 per equity share.
Key Highlights
- Board approved MOA alteration for business diversification into chemicals and infrastructure.
- Unaudited Q1 FY27 results approved; dividend of ₹3.30 per share proposed.
- Book closure for dividend and e-voting set for September 18-24, 2026.
- Thirty-Second Annual General Meeting scheduled for September 24, 2026.
Price Impact
More from AGARIND