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Dhoot Industrial Finance Ltd has issued a Postal Ballot Notice seeking shareholder approval (via Special Resolution) to alter its Memorandum of Association. The change is needed because the company recently received a Certificate of Registration from the RBI on December 4, 2025, to operate as a Type-I NBFC-ND (Non-Banking Financial Company - Non-Deposit taking). The proposed changes include deleting certain old objects clauses (related to lending, deposits, and borrowing), renumbering existing clauses, and adding a new clause 84 under Further Objects to expressly permit NBFC lending and financing activities in line with RBI rules. E-voting runs from March 13, 2026 to April 12, 2026, and results will be declared by April 14, 2026.
This is a procedural housekeeping step required after the company secured NBFC registration from the RBI. It formalises the company's lending/NBFC business in its charter but does not change the core nature of business. No direct financial impact on shareholders, though it confirms the company's pivot toward NBFC operations going forward.