AGM/EGM25 Sept 2026, 05:21 pm
Nahar Spinning Mills Ltd: MOA Altered at AGM
AI Summary
Nahar Spinning Mills Ltd announced that its shareholders approved changes to the Memorandum of Association (MOA) during the 46th Annual General Meeting held on September 25, 2026. The alteration involves inserting three new clauses (8, 9, and 10) into the main object clause. These new clauses focus on expanding the company's business into solar energy, including generation, trading, marketing, and related infrastructure development and consultancy services. This strategic move indicates a diversification into the renewable energy sector.
Key Highlights
- Shareholders approved MOA alteration at the 46th AGM.
- New clauses added to MOA focus on solar energy business.
- Expansion into solar energy generation and trading approved.
- Company diversifies into renewable energy sector.
- Consultancy and R&D in solar energy also included.
Price Impact
More from NAHARSPING