Addendum to Notice of Annual General Meeting of the Company to be held on September 21, 2025.
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The company has issued an addendum to its 33rd AGM notice (scheduled for September 21, 2025) covering three additional special business items. Item 8 proposes adding agriculture and allied activities to the company's main objects, including farming, processing, trading, dairy, hydroponics, aeroponics, organic products, pest control, and agricultural sprayers — a significant diversification away from its current brass and copper alloy manufacturing business. Items 9 and 10 seek shareholder approval to adopt entirely new Memorandum and Articles of Association, replacing the old ones based on the Companies Act, 1956, with versions aligned to the Companies Act, 2013. Remote e-voting for the AGM runs from September 18 to September 20, 2025. The board approved these proposals at its August 30, 2025 meeting.
If approved, the company will formally expand its permitted business scope to include agriculture and allied sectors, opening a new growth avenue beyond its current brass and copper products line. The MOA/AOA updates are largely compliance housekeeping to align with the 2013 Companies Act and should not change operations on their own. Shareholders should review the diversification proposal carefully as it represents a strategic shift into an entirely new industry.