Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We hereby inform you that the Board of Directors of the Company, in their meeting ....
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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 company's Memorandum of Association by adding a new Clause 5 to the Main Object Clause. The new clause allows the company to enter into agricultural activities, including farming, cultivation of seeds, herbs, vegetables, fruits, flowers, spices, and cash crops, as well as related activities like nursery, research, and trading in agricultural produce. This change is subject to the approval of shareholders. The company, which operates in the securities/financial services space (CIN L67120GJ1994PLC023772), is essentially looking to diversify its business into the agriculture sector.
This signals a diversification move by a small securities firm into agriculture. Since the alteration is only board-approved and still needs shareholder consent, it is a preliminary step and not yet effective. For shareholders, the long-term impact depends on how the company plans to fund and execute the new agricultural venture, which is outside its current core competency.