Board Meeting18 Sept 2026, 06:30 pm
Shri Dinesh Mills Ltd: Board Approves MOA Alteration & Subsidiary Transfer
AI Summary
Shri Dinesh Mills Ltd announced outcomes from its Board Meeting held on September 18, 2026. Key approvals include seeking member consent for altering 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 approved the change of name of its wholly-owned subsidiary from Fernway Technologies Limited to Dinesh Felts Limited. Furthermore, the company will transfer its entire equity shares in Stellent Chemicals Industries Limited to Dinesh Felts Limited, with Stellent remaining a step-down subsidiary. An inter-corporate loan of up to ₹40 crore to Dinesh Felts Limited was also approved.
Key Highlights
- MOA alteration to include real estate and commodity trading approved.
- New MOA adoption as per Companies Act, 2013 approved.
- Wholly-owned subsidiary Fernway Technologies renamed Dinesh Felts Limited.
- Transfer of Stellent Chemicals shares to Dinesh Felts approved.
- Inter-corporate loan of up to ₹40 crore to Dinesh Felts approved.
Price Impact
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