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AG Ventures Limited has issued a Postal Ballot Notice seeking shareholder approval (via Special Resolution) to change the Object Clause of its Memorandum of Association. The change is needed because the company's manufacturing business was demerged into OCCL Limited under a Scheme of Arrangement, and the existing MOA still reflects the old Companies Act, 1956 framework. Post-demerger, the company is engaged in investments, trading, and real estate activities. The new Object Clause seeks to add businesses such as commodity trading and derivatives, venture capital and growth capital investments, funding startups and early-stage companies, investments in mutual funds and alternate funds, and real estate development. Remote e-voting through NSDL will be open from September 17, 2025 (9:00 a.m.) to October 16, 2025 (5:00 p.m.), with results expected on or before October 18, 2025. CS Pawan Kumar Sarawagi has been appointed as the Scrutinizer for the process.
This is a major business pivot — shareholders are being asked to approve a shift in the company's permitted activities from a manufacturing-led entity to an investment, trading, and venture capital-focused company. Approval will give the board wide flexibility to deploy capital across startups, commodities, and alternative investments, which could enhance future revenue streams but also signals a fundamental change in business model that may affect the stock's risk profile and valuation.