Decision to hold an EGM of the members of the Company on Thursday, 18th December, 2025 at 3:00 P.M.
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Awaiting price reaction for this filing.
Darjeeling Ropeway Company Limited's board, in a meeting held on 25 November 2025, approved adopting a new Memorandum of Association that replaces 35 outdated objects with 7 streamlined ones and adds a major new main object — manufacturing, designing, and servicing defence equipment including arms and ammunition, military vehicles (tanks, naval, UAVs), aerospace and avionics systems, radar/sonar/electronic warfare, body armour, and MRO services for armed forces and police. The company plans to enter the defence manufacturing and services space, a significant shift from its existing ropeway business. Shareholders' approval is being sought via an Extra-Ordinary General Meeting scheduled for Thursday, 18 December 2025 at 3:00 PM, to be held through video conferencing. The company is listed on BSE under code 539770.
This is a major diversification move into India's booming defence sector, which could attract new investor interest if approved at the EGM. However, the company's small size and lack of prior defence track record mean execution risk is high, and shareholders should watch how the business plan and capital allocation unfold post-approval.