The postal ballot notice dated 12th May 2026
KANCHI · price
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Kanchi Karpooram Ltd is seeking shareholder approval via postal ballot for a special resolution to amend Clause III(A) of its Memorandum of Association. The company wants to diversify into power and energy generation business, including renewable sources like solar, wind, hydro, and biomass. The proposed amendment would allow the company to generate, transmit, distribute, purchase, sell, import, export and supply electrical energy, as well as develop and operate power plants and energy infrastructure. E-voting runs from 15th May 2026 to 13th June 2026, with results expected by 16th June 2026. No directors have declared any interest in this resolution.
This represents a major diversification strategy, allowing the company to enter the growing power and renewable energy sector. If approved, it could open new revenue streams and significantly expand the company's business scope beyond its current operations.