We enclose herewith postal ballot notice sent to shareholders for obtaining their approval for the alteration of objects clause of the Memorandum of Association of the company (Special Resolution)
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Kovilpatti Lakshmi Roller Flour Mills Ltd, currently a flour milling company, has sent a postal ballot notice to shareholders seeking their approval to alter the Objects Clause of its Memorandum of Association. The proposed amendment adds a new sub-clause to allow the company to venture into the hotel and hospitality business, including running hotels, motels, resorts, restaurants, catering services, travel and event management, and related activities. The Board approved the change at its meeting on November 11, 2025, viewing it as part of the company's diversification and growth strategy to expand revenue sources. Shareholders will vote through remote e-voting between November 19, 2025 and December 18, 2025, with results to be announced within two working days after that.
This signals a significant strategic diversification from the company's existing flour milling business into the hospitality sector, which could open new revenue streams but also brings execution risk into an unrelated industry. Shareholders should evaluate whether management has the expertise and resources to successfully run hotel and hospitality operations before casting their vote.