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The Board of Directors of Dhanlaxmi Fabrics Ltd has approved changes to the company's main object clause in its Memorandum of Association (MOA) to add real estate-related businesses. The new objects cover real estate development, redevelopment, construction of residential, commercial, industrial, and institutional properties, as well as leasing, renting, and managing immovable properties. It also allows the company to invest in REITs, InvITs, and real estate financial products, and to act as real estate agents, property managers, and consultants. Additionally, the Board approved the notice for the 33rd Annual General Meeting scheduled for September 29, 2025, at 12:30 PM via video conferencing.
This signals a major strategic pivot or diversification move by Dhanlaxmi Fabrics from its core textile business into real estate, which could reshape the company's revenue mix and long-term growth outlook. Shareholders should review the detailed new objects and consider implications for capital allocation and business risk at the upcoming AGM.