Redtape Ltd. Announces Alteration in Memorandum of Association to Expand Business Operations
Redtape Ltd. has announced an alteration in the Memorandum of Association (MOA) at the Board of Directors meeting held on 28th August 2025. The alteration, subject to shareholders' approval at the Annual General Meeting, aims to expand the company's business activity by undertaking operations beneficial for its furtherance. The new Sub-clause 5 added to the main Object of Clause (III)(A) of the MOA allows the company to engage in various activities such as purchasing, selling, distributing, trading, acting as an agent, franchising, collaborating, exporting, warehousing, importing, merchandising, manufacturing, designing, packaging, and dealing with products, goods, commodities, general merchandise, electronics, accessories, and more through online portals, websites, ecommerce, m-commerce, and other means.
Key Highlights
- Redtape Ltd. is altering its Memorandum of Association (MOA) to expand business operations.
- The alteration includes adding Sub-clause 5 to the main Object of Clause (III)(A) of the MOA.
- The new sub-clause allows the company to engage in various activities related to trading, manufacturing, and ecommerce.
- The amendment is subject to shareholders' approval at the Annual General Meeting.
- The company aims to facilitate transactions, commerce, electronic commerce, and other types of commerce through the proposed changes.