GVP Infotech Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
GVPTECH · price
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GVP Infotech Limited has amended its Memorandum of Association by adding a new sub-clause (sub-clause 9) under the Objects Clause III(A). Shareholders approved this change through a postal ballot via remote e-voting held between October 4, 2025 and November 2, 2025. The new clause permits the company to operate as a Payment Aggregator, covering online (PA-O), physical point-of-sale (PA-P), and cross-border (PA-CB) payment services, including acceptance, processing, settlement, and reconciliation for merchants and customers. The activity will be subject to RBI licensing and compliance with FEMA, KYC/AML, cybersecurity, and other regulatory norms. This marks a clear diversification from the company's existing IT services business into the fintech and payments space.
This signals a strategic pivot into the high-growth fintech and payments infrastructure business, which could unlock new revenue streams but also introduces RBI regulatory and execution risks. Shareholders should track forthcoming updates on licence applications and capital deployment for this new vertical.