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Ashnisha Industries' Board, meeting on 30th January 2026, approved adding a new sub-clause (No. 9) to the Main Object Clause of the company's Memorandum of Association to enter the business of trading in commodities — including precious and base metals, bullion, minerals, energy products, soft and hard commodities — through physical deals, spot, futures, options and other derivatives, in India and abroad. The Board also cleared a Postal Ballot notice covering two items: (1) regularising the appointment of an Additional (Independent) Director, and (2) shareholder approval for the new commodity trading object. The cut-off date for e-voting eligibility is 30th January 2026. Mr. Chintan K. Patel, Practicing Company Secretary from Ahmedabad, has been appointed as Scrutinizer. E-voting will run from 3rd February to 4th March 2026, with results to be declared by 6th March 2026.
The addition signals a planned diversification into commodity trading and derivatives, which could open new revenue streams but also carries market and regulatory risk. Shareholders must approve the move via postal ballot before the company can formally enter this business, so the actual business commencement depends on the voting outcome in early March 2026.