MOA Object Clause altered - renewable energy added, scooter manufacturing objects dropped

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MAHSCOOTER · price

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Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹12260.00

prior close

₹12306.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+0.1% vs market

Investment Company peers, median of 62sector-1.6%-0.9% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.9 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.5

15m

-0.7

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-2.6+0.1-1.6-0.9

Next day

+0.9-3.6+4.5-3.3+4.3

-3.5-5.8+2.3-4.3+0.8

-3.8-5.5+1.7-4.7+0.9

-4.6-3.8-0.7-3.1-1.4

-4.6pendingpending-3.8-0.7

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UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 62Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shareholders approved via Postal Ballot on 27 Sep 2026 and MCA registered on 19 Oct 2026, an alteration of the Object Clause of the Company's MOA. Key changes: (1) deleted manufacturing and assembly of scooters and other automotive objects, as these are no longer carried on, (2) repositioned the investment business as the principal object, in line with current activities, and (3) inserted a new renewable energy object covering generation, production, purchase, sale, supply, transmission, distribution and trading of electricity from renewable and non-conventional sources. Consequential housekeeping amendments were also made.

Likely market impact

Signals strategic shift away from legacy scooter manufacturing toward investment and new renewable energy activities, opening potential growth avenues for the Company.