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Awaiting price reaction for this filing.
City Pulse Multiventures Ltd's board, meeting held on September 3, 2025, approved two key items. First, the company will alter its Memorandum of Association to add two new main objects: setting up and operating solar power plants and parks, and entering the petroleum products business (buying, selling, and distributing petrol, diesel, gas, and refined petroleum products). This change is subject to shareholder approval. Second, the board recommended appointing M/s. Rajendra J. Shah & Co (FRN: 0108369W) as the new Statutory Auditor for 5 years, replacing retiring auditor M/s. SD Mehta & Co. The new auditor has over 37 years of experience and will serve from the 25th AGM (September 29, 2025) through the 30th AGM.
The MOA amendment signals a major strategic pivot from multiplex operations into renewable energy (solar) and fuel/petroleum distribution, which could reshape the company's revenue mix if approved and executed. Shareholders should watch for clarity on capital plans and execution timelines for these new verticals. The auditor change is routine but worth monitoring given the sharp business direction shift.