Notice of Extra Ordinary General Meeting to be held on 18th December, 2025 at 3:00 P.M.
Price
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Awaiting price reaction for this filing.
Darjeeling Ropeway Company Limited (BSE: 539770) is calling an Extra-Ordinary General Meeting on 18 December 2025 via video conferencing. Two special resolutions are on the table: (1) adopting a completely new Memorandum of Association to replace the old 1913-era one — this involves deleting 35 outdated object clauses, retaining objects 36-42, and inserting a brand-new Object No. 8 that adds defence equipment manufacturing and servicing (arms & ammunition, military vehicles including UAVs, aerospace & avionics, communication & electronics, body armour, and MRO services) to the company's permitted business activities; and (2) changing the company's name from 'Darjeeling Ropeway Company Limited' to 'Darjeeling Industriies Limited' (as approved by MCA, after the initially proposed 'Darjeeling Enterpriises Limited' was rejected). Remote e-voting runs 15-17 December 2025; cut-off date is 11 December 2025.
Both resolutions require special (75%) majority to pass. If approved, the company's legally permitted business scope will expand dramatically from its legacy ropeway/construction identity into defence manufacturing and services, and the listed name will change — the stock ticker/security code on BSE may be affected. Investors should treat this as a significant business pivot signal, though the shift will be subject to future execution and capital raises.