Kriti Nutrients Limited has informed the Exchange with copy of minutes of Extraordinary General Meeting held on March 20, 2026
KRITINUT · price
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Kriti Nutrients Limited held an Extraordinary General Meeting on March 20, 2026 via video conferencing, where shareholders approved two special resolutions with 99.96% majority vote. First resolution allows alteration of the Memorandum of Association (MOA) by adding Clause 35A, enabling the company to enter power generation business including solar, wind, biomass, and other renewable energy sources. Second resolution approves alteration of Articles of Association (AOA) by adding Article 92, authorizing the Board to set up electricity generation plants for captive consumption or selling to external parties. The meeting was attended by 47 members representing 20,630 total shareholders. This expansion appears linked to Madhya Pradesh Power Transmission Company requirements for captive solar power generation.
Shareholders have overwhelmingly approved the company's entry into power generation, a new business vertical. This strategic diversification could open revenue streams and reduce energy costs through captive generation, potentially benefiting the stock positively.