
EKI Energy Alters MOA to Include Metals Trading and Renewable Energy
EKI Energy Services Ltd announced that its shareholders have approved a Special Resolution to alter the Memorandum of Association (MOA). The alteration involves amending the Main Objects and Ancillary Objects clauses. Key changes include the addition of new sub-clauses enabling the company to engage in the business of importing, exporting, trading, and processing of various ferrous and non-ferrous metals and their scrap. Additionally, the company will now be able to conduct business in renewable energy, including solar, wind, hydro, and biomass, as well as related products like green hydrogen and fertilizers. The company also expanded its ancillary objects to include manpower and personnel supply services.
Key Highlights
- Shareholders approved MOA alteration via Special Resolution.
- Company to enter metals trading and processing business.
- Expansion into renewable energy and related products.
- New ancillary object for manpower and personnel supply.
- Significant diversification of business scope.
Price Impact
More from EKI