Dhoot Industrial Finance Shareholders Approve MOA Alteration for NBFC Status
Dhoot Industrial Finance Ltd. announced that its shareholders approved the alteration of the company's Memorandum of Association (MOA) via postal ballot dated February 11, 2026. This amendment was a condition stipulated by the Reserve Bank of India (RBI) when it granted the company a Certificate of Registration as a Type-I Non-Banking Financial Company (NBFC-ND) on December 4, 2025. The MOA changes involve amending the Objects Clause to align with its NBFC status, including deleting certain clauses, renumbering others, and inserting a new clause to expressly authorize financing and lending activities in compliance with RBI regulations. The company's business character remains unchanged, but its CIN industry classification is revised to reflect its NBFC status in the financial services sector.
Key Highlights
- Shareholders approved the alteration of the Memorandum of Association.
- Amendment aligns MOA with company's Type-I NBFC-ND registration by RBI.
- RBI granted NBFC registration on December 4, 2025, with MOA alignment as a condition.
- Changes include amending the Objects Clause to authorize financing and lending activities.
- Company's CIN industry classification revised to reflect NBFC status.
Price Impact
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