Addendum to Notice of the Annual General Meeting scheduled to be held on Tuesday 19th August, 2025
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Darjeeling Ropeway Company Limited (BSE Code: 539770) has issued an addendum to its AGM notice dated 14th August 2025, adding a new special business item (Item No. 5) to the AGM scheduled for 19th August 2025 at 3:00 PM via video conferencing. The company is seeking shareholder approval (by special resolution) to alter its object clause by inserting 7 new sub-clauses (36 to 42) into the Memorandum of Association. These new objects cover aviation spare parts and services, solar energy systems, electronic components and devices, electric vehicles and semiconductors, IT/software consultancy, agro and food products and beverages, and industrial/agricultural/construction machinery. The Board approved this diversification proposal on 14th August 2025, and the addendum supersedes any earlier resolutions on the matter. The original AGM notice dated 28th July 2025 remains unchanged in all other respects.
This signals a major strategic diversification — the company is pivoting far beyond its original ropeway business into EVs, semiconductors, solar, aviation, electronics, IT, food, and machinery sectors. For shareholders, this is a significant expansion that could either unlock new growth opportunities or raise concerns about the company's ability to execute across so many unrelated industries. Approval of this resolution is required for the company to formally enter these new business areas.