1. Change in the main objects of the company subject to the approval of shareholders through Postal Ballot. 2. Adoption of new Memorandum of Association in accordance with the provisions ....
Awaiting price reaction for this filing.
Harig Crankshafts Limited's board met on June 9, 2025, and approved three key items. First, a change in the company's main objects (its core business purposes under the charter), subject to shareholder approval. Second, the adoption of a new Memorandum of Association aligned with the Companies Act, 2013. Third, the adoption of new Articles of Association, also subject to shareholder approval. All three resolutions will be put to shareholders via a Postal Ballot (e-voting process). A practicing company secretary, CS Debabrata Deb Nath, has been appointed as scrutinizer to oversee the e-voting in a fair manner. The board meeting ran from 4:00 PM to 5:30 PM.
A change in main objects often signals the company's intention to enter new business areas or expand its current scope of operations. Shareholders should review the postal ballot notice carefully, as approving new objects gives the management wider latitude to undertake different kinds of business in the future.