
Shree Hari Chemicals Expands Business Scope via MOA Alteration
Shree Hari Chemicals Export Ltd announced that its Board of Directors has approved the alteration of the Object Clause of the Memorandum of Association (MOA). This significant change, subject to shareholder approval, incorporates new sub-clauses to expand the company's business activities. The amendments include venturing into the trading, manufacturing, and servicing of various types of cranes, lifting equipment, heavy machinery, construction, agricultural, and industrial equipment. Additionally, the company plans to engage in investment activities, including dealing in shares, bonds, and other securities. A further expansion includes undertaking infrastructure projects such as roads, bridges, airports, and renewable energy facilities, along with EPC and PPP arrangements. The board meeting where these approvals were granted commenced at 12:15 p.m. and concluded at 6:00 p.m. on August 25, 2026.
Key Highlights
- MOA altered to include new business segments.
- Expansion into machinery, equipment trading, and services.
- New ventures in investment and dealing in securities.
- Inclusion of infrastructure development and project management.
- Shareholder approval is required for the changes.
Price Impact
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