Disclosure under Regulation 30 of SEBI LODR
Awaiting price reaction for this filing.
Authum Investment & Infrastructure Limited has informed the stock exchanges that the Registrar of Companies, Mumbai has approved a change in the object clause of the Memorandum of Association of its wholly-owned subsidiary, Open Elite Developers Limited (OEDL), formerly known as Reliance Commercial Finance Limited. This is an update to an earlier disclosure made on February 13, 2025. As a result of this change, OEDL's Corporate Identification Number (CIN) has been updated to U68200MH2000PLC128301, which corresponds to real estate activities. The disclosure was signed by Whole Time Director Amit Dangi on April 2, 2025.
The change in CIN and object clause suggests a strategic shift in OEDL's business focus toward real estate activities, which may signal a new direction for the subsidiary. For shareholders, this is a routine corporate housekeeping update with no immediate financial impact on the parent company.