Outcome of Board Meeting held on 03rd September, 2025
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City Pulse Multiventures Ltd held a board meeting on September 3, 2025, where it approved two key items. First, the company plans to alter its Memorandum of Association to add two new main objects: (1) setting up and operating solar power plants and solar parks, and (2) trading in petroleum products including petrol, diesel, and gas. This change requires shareholder approval. Second, the board recommended appointing M/s. Rajendra J. Shah & Co as the new Statutory Auditor for a 5-year term, replacing the retiring M/s. SD Mehta & Co, effective from the upcoming 25th AGM on September 29, 2025. The new auditors have over 37 years of experience in audit and tax advisory services.
The MOA amendment signals a significant diversification into renewable energy (solar) and petroleum trading, which could reshape the company's business direction and attract new investor interest. The auditor change is a routine governance matter, though investors may want to monitor the upcoming AGM on September 29, 2025 for shareholder approval of the new business objects.