Please find attach herewith postal ballot notice dispatched to shareholders on May 28, 2026.
AIIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Authum Investment & Infrastructure Ltd has issued a postal ballot notice seeking shareholder approval for a Special Resolution to amend its Memorandum of Association (MOA), specifically Clause III (Objects Clause). The amendment significantly expands the company's permitted business activities by inserting 8 new sub-clauses under main objects covering investment company operations, NBFC/financial services, portfolio management, asset management, stock broking, and asset reconstruction/securitization business. Additionally, 49 new sub-clauses (numbered 9-57) are being added under Clause III(B) covering matters necessary for furtherance of objects, including acting as recovery agent, third-party services, infrastructure financing, and digital platform operations. The existing sub-clauses 3-28 under Clause III(B) will be renumbered to 58-79. Remote e-voting runs from May 29, 2026 to June 27, 2026, with results to be declared by June 30, 2026.
This MOA amendment represents a major strategic expansion of the company's business scope into diverse financial services. If approved, it enables the company to pursue NBFC activities, asset reconstruction, portfolio management, and other financial services, potentially diversifying revenue streams and altering the company's investment profile.