Kriti Industries (India) Limited has informed the Exchange with copy of minutes of Extraordinary General Meeting held on March 20, 2026
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Kriti Industries (India) Limited held an Extraordinary General Meeting on March 20, 2026 via video conferencing. Two special resolutions were passed with near-unanimous approval (over 99.99% in favour). The first resolution approves alteration of Clause III(B) of the Memorandum of Association by inserting new Clause 31A, enabling the company to enter the power and energy generation business. The second resolution approves alteration of the Articles of Association by inserting new Article 92, authorising the Board to set up and manage electricity generation plants. Both resolutions passed with only 1 vote against each out of 36.26 million shares voted.
The company is diversifying into power and energy generation from conventional and non-conventional sources including solar, wind, thermal, and biomass. This represents a significant new business direction for the company, which could impact future revenue streams and attract new investor interest.