Alteration in the main Object of the company (MOA)
Awaiting price reaction for this filing.
The board of Kashyap Tele-Medicines Limited met on August 14, 2025 and approved a major strategic overhaul. The company plans to alter its main objects under the Memorandum of Association and change its name to align with the proposed new business direction, both subject to shareholder approval through a postal ballot. The registered office will shift from Girgaon Road in Mumbai to Mahape, Navi Mumbai. In a notable governance shift, three independent directors — Mr. Devakinandan Sharma, Mr. Mayank Khetan, and Mrs. Amrita Khetan — all resigned effective the same day. The board also appointed M/s Bhavesh D Shah & Co. as internal auditor for FY 2025-26 and Mrs. Rupal Patel as secretarial auditor for a five-year term starting FY 2025-26.
Shareholders should monitor the postal ballot closely, as the name change and main-object alteration suggest the company is pivoting away from its current tele-medicines business. The simultaneous exit of all three independent directors on a single day is a significant governance red flag that investors should weigh carefully.