Announcement under Regulation 30 (LODR) - Amendments to MOA
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The Board of Directors of Bridge Securities Ltd, at a meeting held on 1st April 2025, approved an amendment to the Main Objects clause of the company's Memorandum of Association. A new Clause 5 is proposed to be added to the existing Main Object Clause (III)(A), expanding the company's permitted business into agriculture and allied activities. The new clause covers farming, cultivation, production, and trading of seeds, herbs, vegetables, fruits, flowers, spices, cash crops, organic and hybrid produce, nursery operations, and related agri-business activities. The amendment is subject to approval by the shareholders of the company.
This signals a major business diversification for Bridge Securities, moving from its core securities business into agriculture. The move could be seen as a strategic pivot to tap into agri-sector opportunities, but it also represents a significant departure from the company's existing line of business, which investors should monitor once shareholder approval is sought and execution details emerge.