Intimation of amendment to Memorandum of Association
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acknit Industries Ltd has amended its Memorandum of Association (MOA) by altering its Object Clauses. The change was first approved by shareholders through a postal ballot in an Extraordinary General Meeting held on December 18, 2025, and then formally registered by the Registrar of Companies (ROC) on December 30, 2025. The revised objects add new business activities including setting up retail chain stores for industrial safety products and personal protective equipment (PPE), conducting R&D in safety gear, and entering the energy sector — covering both conventional sources (thermal, hydro, nuclear) and non-conventional sources (solar, wind, tidal, geo-thermal). The existing core objects around manufacturing and trading of industrial safety products, textiles, and gloves remain in place. Authorised share capital remains unchanged at Rs. 12 crore (1.2 crore equity shares of Rs. 10 each).
The amendment signals the company's intent to diversify into organized retail of safety/PPE products and the broader energy generation business. For shareholders, this expands the long-term growth runway beyond the current core of safety equipment manufacturing, though execution in new sectors will need to be tracked. Near-term stock impact is likely limited as no capital raise or operational update accompanies this filing.