
AGM/EGM29 Sept 2026, 06:11 pm
Kalpa Commercial Ltd Shareholders Approve MOA and AOA Alterations
AI Summary
Kalpa Commercial Ltd announced that its shareholders, at the 41st Annual General Meeting held on September 28, 2026, approved the adoption of new Memorandum of Association (MOA) and Articles of Association (AOA). These changes are primarily to align the company's governing documents with the Companies Act, 2013, replacing the older provisions based on the Companies Act, 1956. Key alterations include updating the object clause and liability clause in the MOA, and a comprehensive revision of the AOA to conform to the new Act. The company noted that the main objects of the company remain unchanged, except for the omission of an obsolete clause related to financing activities.
Key Highlights
- Shareholders approved new MOA and AOA at the AGM.
- Changes align company documents with Companies Act, 2013.
- Obsolete financing clause in MOA to be omitted.
- Liability clause in MOA updated to reflect current standards.
Price Impact
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