B. P. Capital Ltd Shareholders Approve Object Clause, AoA Alterations
B. P. Capital Ltd announced that its shareholders approved significant alterations at the Annual General Meeting (AGM) held on September 29, 2026. Key approvals include the alteration of the Object Clause of the Memorandum of Association to enter new business areas like computer software, hardware, consumer electronics, and mobile products. Additionally, the Articles of Association were amended to align with current laws. Shareholders also approved enhanced borrowing powers up to ₹300 Crore, investment/loan/guarantee powers up to ₹50 Crore, and transactions with interested parties up to ₹25 Crore. The re-appointment of Mr. Ajay Sharma as a Non-Executive Independent Director for a second five-year term was also confirmed.
Key Highlights
- Shareholders approved alterations to Memorandum and Articles of Association.
- New business areas include software, hardware, and consumer electronics.
- Borrowing powers increased to ₹300 Crore.
- Investment and loan powers enhanced to ₹50 Crore.
- Mr. Ajay Sharma re-appointed as Independent Director.
Price Impact
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