Valencia Nutrition to Alter MoA, Divest Beverage & Snacks Units

Valencia Nutrition Limited's Board of Directors has approved significant changes, including an alteration to the Main Objects Clause of its Memorandum of Association. This alteration will permit the company to engage in agricultural production, farming, and allied activities, as well as software development, IT-enabled services, cloud computing, and AI/ML solutions. Additionally, the board has approved the slump sale of several undertakings, including Canned, Functional & Premium Beverage, Snacks, Bakery & Healthy Snacking, Automated Retail & Point-of-Sale Solutions, Nutraceuticals & Specialised Nutrition, and Consumer Products. These proposed changes and divestments are subject to shareholder approval. The company also announced the appointment of two additional directors and noted the resignation of one non-executive director.