Board Meeting18 Sept 2026, 06:40 pm
Shri Dinesh Mills Board Approves MOA Alteration, Real Estate & Commodity Trading
AI Summary
Shri Dinesh Mills Ltd's Board of Directors, in a meeting held on September 18, 2026, approved several key changes. These include seeking member approval to alter the Memorandum of Association (MOA) to include real estate and commodity trading activities, and adopting a new MOA format as per the Companies Act, 2013. The board also noted the rebranding of its wholly-owned subsidiary from Fernway Technologies Limited to Dinesh Felts Limited. Furthermore, the company will transfer its equity shares in Stellent Chemicals Industries Limited to Dinesh Felts Limited and approved an inter-corporate loan of up to ₹40 crore to Dinesh Felts Limited.
Key Highlights
- Board approved altering MOA for real estate and commodity trading.
- Subsidiary Fernway Technologies renamed to Dinesh Felts Limited.
- Transfer of shares in Stellent Chemicals to Dinesh Felts approved.
- Inter-corporate loan of up to ₹40 crore sanctioned for Dinesh Felts.
- Members' approval sought for MOA changes via postal ballot.
Price Impact
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