Board approves diversification into transport and logistics, EGM on Nov 5
FWSTC · price
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Flywings Simulator Training Centre board on Oct 12, 2026 approved altering the Main Object Clause of its Memorandum of Association to add three new objects covering transportation, corporate mobility, fleet management, logistics, travel and allied businesses. The change is aimed at enabling business diversification and strategic expansion. It requires shareholder approval via a Special Resolution at an Extraordinary General Meeting scheduled for Nov 5, 2026 at 3:00 PM IST via video conferencing, plus ROC registration. The company is currently in the aviation simulator training space, so this signals a move into adjacent mobility and logistics services.
Signals possible entry into transport and logistics, pending shareholder and regulatory approval. Watch EGM outcome on Nov 5.