Corporate Governance25 Aug 2026, 03:19 pm
Keto Motors Adopts New MOA/AOA, Appoints Director
AI Summary
Keto Motors Ltd announced that its members have approved the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) through a postal ballot. The changes were necessary to align the company's governing documents with the Companies Act, 2013, and SEBI regulations. Key alterations include updating the MOA's title, re-aligning object and liability clauses, and deleting the 'Other objects' clause. The AOA was also restructured and updated to comply with current laws. Additionally, Mr. Avula Venkata Narayana Reddy has been appointed as a Non-Executive and Non-Independent Director.
Key Highlights
- Company adopted new MOA and AOA to comply with Companies Act, 2013.
- MOA changes include aligning object and liability clauses.
- AOA restructured to conform with current SEBI and company laws.
- Mr. Avula Venkata Narayana Reddy appointed as Non-Executive Director.
- Amended documents are available on the company's website.
Price Impact
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