The Board: 1. Considered and approved alteration of Object Clause in Memorandum of Association of the Company. 2. Considered and approved the adoption of new set of Memorandum of Association ....
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Mardia Samyoung Capillary Tubes Company Ltd announced that its Board, at a meeting on September 30, 2025, approved a major change to the company's main business objects. The new Object Clause shifts the company away from capillary tubes and into jewellery, gold, silver, platinum, diamonds, precious and semi-precious stones, and related trading, manufacturing, export, and e-commerce activities. The Board also approved adopting an entirely new set of Memorandum of Association and Articles of Association aligned with the Companies Act, 2013. These changes are subject to shareholder approval, with an Extra-Ordinary General Meeting scheduled for October 29, 2025, and approval also required at the Annual General Meeting.
This represents a significant strategic pivot for the company. If shareholders approve, the firm will be repositioned from a niche industrial tubing business into a broader jewellery, gems, and precious-metals trading and e-commerce play, which could materially change its risk profile, revenue mix, and investor appeal, but execution and shareholder approval are still pending.