Subject to the approval of members the consent of the board be and are hereby accorded for ammendment of MOA as per the attached letter
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Awaiting price reaction for this filing.
The board of directors of Abirami Financial Services, at its meeting on 28 July 2025, approved an amendment to the Memorandum of Association (MOA) to add three new main object clauses. The new objects include real estate development (land and township development, housing colonies, property dealing), construction activities (acquiring, developing, and selling properties), and adoption of emerging technologies like artificial intelligence, automation, digital platforms, and software tools. The amendment is subject to the approval of the company's members (shareholders). The disclosure was filed with BSE under Regulation 30 of the SEBI Listing Regulations, with detailed annexures attached. The company is a non-banking financial company (NBFC) originally, and this signals a major diversification move into real estate and tech-enabled businesses.
This is a strategic diversification step beyond the company's current financial services business, but it requires shareholder approval and no immediate effect on share price or shareholder returns is expected. Investors should monitor the postal ballot/EGM outcome to understand shareholder sentiment on this pivot.