StockWatch
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Packaged Foods
AGM/EGM14 Aug 2026, 03:23 pm

Tasty Bite Eatables Ltd: Members Approve Article of Association Amendment

AI Summary

Tasty Bite Eatables Ltd announced that its members have approved an amendment to Article No. 121 of the company's Articles of Association (AOA) during the Annual General Meeting held on August 13, 2026. The amendment aims to align the AOA with Section 152 of the Companies Act, 2013. Previously, Article 121 exempted Managing Directors, Joint Managing Directors, or Executive Directors from retiring by rotation during their tenure. The revised article now states that these directors, including Whole-time Directors, will be liable to retire by rotation as required by Section 152 of the Companies Act, 2013, subject to their appointment terms. This change ensures compliance with current corporate law.

Key Highlights

  • Members approved amendment to Article 121 of Articles of Association.
  • Amendment aligns AOA with Section 152 of the Companies Act, 2013.
  • Directors now liable to retire by rotation as per law.
  • Change ensures corporate governance and legal compliance.