New Objects addition in the Main Object Clause of MOA of the Company, as attached
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On January 30, 2026, the Board of Gujarat Natural Resources Ltd approved adding two new business objects to the company's Memorandum of Association. The first new object permits the company to trade, import, export, invest in and deal in commodities such as metals (precious and base), bullion, minerals, energy products and agricultural commodities, including through futures, options and derivatives in India and abroad. The second new object allows the company to enter real estate and construction, covering residential, commercial, industrial, institutional and infrastructure projects as developer, builder, contractor or project manager. Both additions require shareholder approval through a postal ballot via e-voting before they take effect. The board meeting commenced at 3:00 PM and concluded at 3:45 PM.
This marks a major diversification away from the company's existing natural resources focus into commodity trading and real estate, which could change the company's risk profile and business direction. Until shareholder approval is received via postal ballot, these remain proposed objects only and no operational or financial impact should be assumed. Investors should watch for the postal ballot outcome and any further announcements on capital deployment into these new verticals.