Corporate Action18 Sept 2026, 08:10 pm
Himadri Speciality Chemical Ltd Approves MOA Alteration
AI Summary
Himadri Speciality Chemical Ltd's Board of Directors has approved alterations to the company's Memorandum of Association (MOA). This includes adding new sub-clauses to the 'Object to be pursued' clause to accommodate new business activities and adopting a revised MOA to align with Schedule I of the Companies Act, 2013. The changes involve merging existing clauses and updating liability and capital clauses. These alterations are subject to shareholder approval via postal ballot and necessary regulatory clearances. The board meeting was held on September 18, 2026.
Key Highlights
- Board approved alteration of Memorandum of Association (MOA).
- New sub-clauses to be added for new business activities.
- MOA to be aligned with Companies Act, 2013 requirements.
- Subject to shareholder approval via postal ballot.
- Changes include merging existing clauses and updating liability/capital.
Price Impact
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