Corporate Action30 Apr 2026, 08:01 pm
Vellora Impact EGM to Amend Object Clause for New Businesses
AI Summary
Vellora Impact Limited (formerly Pratiksha Chemicals Ltd) has scheduled an Extra Ordinary General Meeting (EGM) for May 22, 2026, to approve significant amendments to its Memorandum of Association. The proposed changes aim to expand the company's main object clause to include new business activities. These new areas encompass manufacturing, trading, and dealing in all kinds of agricultural inputs and produce, as well as manufacturing and trading in gold, diamonds, precious and semi-precious stones, and jewellery. The cut-off date for determining e-voting entitlement is May 15, 2026.
Key Highlights
- EGM on May 22, 2026, to amend the company's Memorandum of Association.
- Proposed changes include diversification into agricultural inputs and farming.
- Company plans to enter the business of gold, diamonds, and jewellery.
- These amendments represent a significant expansion of the company's business scope.
Price Impact
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