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Awaiting price reaction for this filing.
Ampvolts Ltd (formerly Quest Softech India Ltd) has received shareholder approval through a special resolution passed via postal ballot on January 6, 2026, to alter its Memorandum of Association. Two new object clauses have been added: Clause 7 covers EV repair, servicing, inspection, overhauling, refurbishment, and maintenance services for electric vehicles on a B2B and B2C basis. Clause 8 allows the company to retrofit and convert internal combustion engine vehicles into battery-powered electric vehicles, including design, installation, testing, and certification. The existing clauses have been renumbered accordingly.
This signals a strategic pivot toward the electric vehicle ecosystem, potentially expanding the company's business scope into EV servicing and ICE-to-EV conversion. Shareholders should view this as a diversification move, though actual revenue impact will depend on execution and capital deployment.