StockWatch
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Specialty Chemicals
Board Meeting18 Sept 2026, 08:30 pm

Himadri Speciality Chemical Ltd Board Approves MOA Alteration

AI Summary

Himadri Speciality Chemical Ltd's Board of Directors, in a meeting held on September 18, 2026, approved alterations to the company's Memorandum of Association (MOA). These changes include 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 amendments, which merge existing clauses and update liability and capital clauses, are subject to shareholder approval via postal ballot and necessary regulatory clearances. The board meeting commenced at 7:25 p.m. IST and concluded at 7:45 p.m. IST.

Key Highlights

  • Board approved alteration of Memorandum of Association (MOA).
  • Changes aim to enable new business activities.
  • Revised MOA aligns with Companies Act, 2013.
  • Amendments require shareholder and regulatory approval.
  • Board meeting held on September 18, 2026.