Sodhani Capital Seeks Approval for MOA Alteration & Loan Limit Enhancement

Sodhani Capital Ltd. has informed the exchange about the proposed alteration of the Main Object Clause in the Memorandum of Association (MOA) and enhancement of loan limits under Section 186 of the Companies Act, 2013. The company aims to become a Direct Selling Agent (DSA), referral agent, facilitator, and service provider for banks, NBFCs, housing finance companies, and other financial institutions. The new sub-clause 3(a)(6) will allow the company to source, market, and facilitate loans and financial products, identify prospective customers, generate leads, assist in documentation, processing, and coordination of loan applications, and act as an intermediary between customers and lending institutions, adhering to applicable laws and regulations. The board has also proposed an enhancement of loan limits from the existing ₹100 Crores to an aggregate amount not exceeding ₹100 Crores, subject to approval by shareholders through a postal ballot, Registrar of Companies, and appropriate authorities. The notice of postal ballot will be submitted to stock exchanges as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Circulars issued by the Ministry of Corporate Affairs.