Please find attached outcome of Board Meeting relating to change in MOA & AOA
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Global Infratech & Finance Ltd, at its meeting on December 2, 2025, approved entering a new business segment of biomass, bio-energy and related products and services. The board also approved altering the Main Objects clauses (Clauses 3 and 4) of the Memorandum of Association and adopting new Articles of Association under the Companies Act, 2013. Since this involves changes to the MOA, shareholders' approval will be sought through a Postal Ballot/e-voting process, with Ms. Kriti Daga appointed as the Scrutinizer. The board meeting ran from 10:30 AM to 11:00 AM.
The company is diversifying into the biomass and bio-energy segment, which represents a new business direction but still requires shareholder approval via postal ballot before taking effect. This is a structural/corporate action announcement rather than a financial one, so immediate impact on stock price is limited until further details on execution are shared.