Announced Fri, 24 Jul · 18:54 IST
Board approves MOA amendments to expand business scope
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹55.06
prior close
₹55.06
base price
After-mkt
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AI summary
The Board approved amendments to the Memorandum of Association on July 24, 2026, subject to shareholder approval at the upcoming AGM. Changes include adopting the new MOA format under the Companies Act 2013, expanding the object clause to include custody, safekeeping, trustee, escrow, and fiduciary services, and adding a new clause to invest in renewable energy projects (solar, wind, hydro) through SPVs. The company remains an NBFC with no change to its principal business.
Likely market impact
Signals business diversification into custody and fiduciary services plus renewable energy, subject to shareholder approval at the AGM.