Board Meeting29 Aug 2026, 04:50 pm
Chemtech Valves Board Approves MOA Alteration, Investment Limit Hike
AI Summary
Chemtech Industrial Valves Limited's Board of Directors, in a meeting held on August 29, 2026, approved an alteration to the company's Memorandum of Association (MOA) object clause. This alteration aims to expand the company's offerings and participation in the Steel, Thermal Power, and Renewable Energy sectors. Additionally, the board approved an increase in the overall investment limits under Section 186 of the Companies Act, 2013, to ₹100 Crore, subject to member approval. The Annual General Meeting is scheduled for September 30, 2026, to discuss these proposals.
Key Highlights
- MOA object clause alteration approved to enter new sectors.
- Investment limits increased to ₹100 Crore, pending member approval.
- AGM scheduled for September 30, 2026, to seek member consent.
- Expansion aims to capitalize on growth in power and steel industries.
Price Impact
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