AGM/EGM29 Sept 2026, 08:20 pm
Ravindra Energy Alters MOA & AOA Post AGM Approval
AI Summary
Ravindra Energy Ltd announced that its members, at the 46th Annual General Meeting (AGM) held on September 28, 2026, approved amendments to the company's Memorandum of Association (MoA) and Articles of Association (AoA). The AoA changes are to incorporate provisions for appointing a nominee director in case of default on a Rupee Term Loan (RTL) facility of up to INR 100 crore from Tata Capital Limited, and to include definitions related to the loan and lender's rights. The MoA was amended to reflect the shifting of the company's registered office from Belgaum, Karnataka, to Mumbai, Maharashtra.
Key Highlights
- AGM approved amendments to MoA and AoA.
- AoA updated for RTL facility terms and nominee director clause.
- MoA amended to reflect registered office relocation to Mumbai.
- Changes align with Companies Act, 2013 and SEBI Listing Regulations.
Price Impact
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