Business Update7 Aug 2025, 07:08 pm
Prataap Snacks Ltd Approves Amendment to MOA & AOA for Captive Power Generation
AI Summary
Prataap Snacks Ltd announced at its 16th Annual General Meeting held on August 06, 2025, the approval of amendments to its Memorandum of Association (MOA) and Articles of Association (AOA). The amendments are aimed at incorporating enabling provisions for generation and consumption of electricity for captive use, aligning the MOA with the provisions of the Companies Act, 2013, and updating the AOA to include a new clause for Power Purchase Agreement and Wheeling Agreement. The changes are mandatory as per the Electricity Act, 2003, and guidelines issued by the Government of Madhya Pradesh and other relevant authorities.
Key Highlights
- Prataap Snacks Ltd approved amendments to its Memorandum of Association (MOA) and Articles of Association (AOA) during the 16th Annual General Meeting.
- The amendments are mandatory as per the Electricity Act, 2003, and guidelines issued by the Government of Madhya Pradesh and other relevant authorities.
- The changes include enabling provisions for generation and consumption of electricity for captive use.
- The MOA will be aligned with the provisions of the Companies Act, 2013.
- The AOA will be updated to include a new clause for Power Purchase Agreement and Wheeling Agreement.