Yuranus Infrastructure Ltd Alters Object Clause to Include Commodity Trading and Hedging

Yuranus Infrastructure Ltd has announced an alteration to the Object Clause of its Memorandum of Association (MOA). The alteration, subject to the approval of equity shareholders and appropriate authority, includes the insertion of a new sub-clause iii(A)(12). This new sub-clause allows the company to carry on business as general merchants, traders, dealers, wholesalers, retailers, consultants, experts, buyers, sellers, exporters, importers, distributers, agents, sales representatives, commodity traders, and providers of service for commodity-related activities. The company will be able to trade and hedge in all commodities and commodity derivatives, including cotton, cotton yarn, synthetic yarn, silk, rayon, wool, nylon, man-made fibres, polyester, canvas, paper and paper products, all types of agri-commodities, metals, bullion, gold, gold ornaments, silver, silver utensils, copper, and even crypto currency. The board meeting to consider this alteration commenced at 04:30 p.m. and concluded at 04:50 p.m.