KANCHI · price
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Awaiting price reaction for this filing.
The Board of Directors of Kanchi Karpooram Ltd approved altering Clause III(A) of the Memorandum of Association to insert new sub-clauses 3 to 6 after the existing Main Object Clauses. This expansion of the company's objects clause requires shareholder approval through a postal ballot via remote e-voting. The cut-off date for determining eligible shareholders to vote is 8th April 2026. The amendment is being made in accordance with Companies Act 2013 provisions. The Board meeting lasted 30 minutes, from 11:15 AM to 11:45 AM.
Shareholders will receive a postal ballot notice to vote on expanding the company's business objectives. This could signal the company's intent to diversify or enter new business areas, though the specific nature of new activities is not disclosed yet.