Please find attached the intimation of amendments proposed to Memorandum and Articles of Association of the Company considered at Board meeting, subject to approval of members of the company.
DDEVPLSTIK · price
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Ddev Plastiks Industries Ltd's Board approved amendments to the Object Clause of its Memorandum of Association and corresponding Articles of Association. The key change involves adding Battery Energy Storage System (BESS) projects under the renewable energy sector, along with allied and ancillary businesses. This represents a diversification into clean energy storage, aligning with India's growing renewable energy infrastructure. The amendments are subject to approval by shareholders at a general meeting. The company plans to upload this disclosure on its website under 'Changes'.
This expansion into BESS and renewable energy signals the company's intent to diversify beyond its current plastic industry operations into the energy sector. Shareholders should note this as a strategic shift that could open new revenue streams, though execution risks and capital requirements for BESS projects remain to be seen.