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Awaiting price reaction for this filing.
Ampvolts Ltd (formerly Quest Softech India Ltd) has approved, via a circular resolution dated November 26, 2025, the addition of two new object clauses to its Memorandum of Association. The new Clause 7 allows the company to carry out repair, servicing, inspection, overhauling, refurbishment and maintenance of electric vehicles (cars and allied automotive products) on both B2B and B2C basis, including setting up workshops and service centres. The new Clause 8 allows the company to engage in retrofitting and converting internal combustion engine vehicles into battery-powered electric powertrains, including design, installation, testing and certification. Member approval will be sought subsequently. The company's existing IT/services business (under the old Quest Softech name) appears to be diversifying into the EV value chain.
This is a strategic diversification move into the EV servicing and ICE-to-EV retrofitting space, which could open new revenue streams but is currently only an MOA-level approval with no financials, timelines, or capital commitment disclosed yet. Stock price impact is likely to be limited until concrete execution plans or orders are announced.