StockWatch
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Garments & Apparels
Board Meeting24 Jun 2026, 05:41 pm

Virat Industries Board Approves MOA Alteration, Withdraws Name Change

AI Summary

Virat Industries Ltd's board of directors, in a meeting held on June 24, 2026, approved significant alterations to the company's Memorandum of Association (MOA). This includes a revised object clause that expands operations beyond oral and dental care products to include a broader textile and garment business, alongside investment and management activities. The board also approved the adoption of a new MOA incorporating these changes and aligning with the Companies Act, 2013. In a separate development, the company decided to withdraw its previously proposed name change to "Brham Well-being & Lifestyle Corporation Limited." This withdrawal is linked to the alteration of the object clause, and the company is now evaluating a new name that better reflects its diversified business activities and strategic vision. Both the MOA alteration and the adoption of the new MOA are subject to shareholder approval. The board meeting commenced at 4:00 PM IST and concluded at 4:28 PM IST.

Key Highlights

  • Board approved alteration of MOA's object clause.
  • New MOA adopted, subject to shareholder approval.
  • Proposed name change to 'Brham Well-being' withdrawn.
  • Company evaluating new name to reflect diversified business.
  • Expansion into textile and garment business approved.