In continuation of our letter dated June 10, 2025 we wish to inform you that the Ministry of Corporate Affairs (MCA) vide its order dated June 20, 2025 have approved the change of name ....
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The Ministry of Corporate Affairs (MCA) has approved the change of name of the company from 'Oriental Carbon and Chemicals Limited' to 'AG Ventures Limited' effective June 20, 2025. This name change is part of a Scheme of Arrangement under which the company's Chemical Business (Insoluble Sulphur and Sulphuric Acid) is being demerged into OCCL Limited (the Resulting Company). The rebranding reflects the company's new identity and realigned business focus after exiting the core chemicals business. The CIN (L24297GJ1978PLC133845) remains unchanged, and the new name has been confirmed via a fresh Certificate of Incorporation. The BSE scrip code is 506579 while the NSE symbol is still listed as OCCL, pending likely update.
For shareholders, this is a significant identity change — the listed entity is transitioning from a chemicals manufacturer to a new business focus under the 'AG Ventures' brand. Investors should expect the stock symbol on NSE (currently OCCL) to be updated and should monitor communications from the company regarding the post-demerger business strategy and any resulting change in revenue/focus areas.