Dear Sir / Madam, We are pleased to inform that the Board of Directors has considered and approved inter alia the following agenda items: 1. Alteration of Object Clause of the Memorandum ....
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On 7 April 2025, the Board of Vaghani Techno-Build Limited approved changes to the Memorandum of Association to add new business objects covering solar and renewable energy (including waste-to-energy, green hydrogen, bio-fuels), pharmaceutical and chemical products, and broader infrastructure activities, alongside the existing construction focus. All changes are subject to shareholder approval. The Board also approved shifting the registered office from Maharashtra to Gujarat (Ahmedabad), pending approval from shareholders and the Regional Director. To seek member consent, a postal ballot has been initiated, with Krishna Bhavsar & Associates appointed as scrutinizer. The board meeting ran from 2:00 PM to 2:35 PM.
This signals a significant strategic pivot into renewable energy and pharmaceuticals beyond the legacy construction business, plus a corporate domicile shift to Gujarat — a move that could appeal to investors seeking diversified growth but carries execution risk and depends on shareholder approval via postal ballot.