SAR Auto Products Ltd: Members Approve MOA Alteration
SAR Auto Products Ltd announced that its members have approved an alteration to the company's Memorandum of Association (MOA) during the 39th Annual General Meeting held on September 28, 2026. The approved changes include the addition of a new main object clause to expand business activities into precision engineering components, automotive, defence, aerospace, and industrial applications. Additionally, the company will adopt a new MOA in consonance with Table A of the Companies Act, 2013, deleting the 'Other Objects' clause. These alterations are subject to the final approval of the Registrar of Companies/Ministry of Corporate Affairs. The updated MOA will be available on the company's website post-approval.
Key Highlights
- Members approved MOA alteration at the 39th AGM.
- New clause expands business into defence, aerospace, industrial sectors.
- Adoption of new MOA aligned with Companies Act, 2013.
- Alterations are subject to Registrar of Companies/MCA approval.
Price Impact
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