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Awaiting price reaction for this filing.
Darjeeling Ropeway Company Limited (BSE Code: 539770) held an Extra-Ordinary General Meeting on 18th December 2025 via video conferencing, which lasted just 5 minutes (3:28 PM to 3:33 PM) and was chaired by Managing Director Ashok Dilipkumar Jain. Members considered two special resolutions: (1) adoption of a new set of Memorandum of Association (MOA) along with alteration of the Object Clause, and (2) approval for a change in the company's name. E-voting and remote e-voting were conducted, and the consolidated voting results will be declared within 2 working days. No financial numbers were disclosed in this filing as it only covers the procedural outcome of the meeting.
The proposed change of name and alteration of the Object Clause suggest the company is likely pivoting or expanding its business scope beyond ropeway operations, which could signal a strategic shift. Shareholders should watch for the e-voting results and any subsequent disclosures about the new name and revised business objects, as these can materially affect the company's future direction and investor perception.