The Board in its meeting held on 30.08.2025 approved the revised notice of the upcoming AGM of the Company.
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The Board of Mayur Leather Products Ltd met on August 30, 2025, and approved an alteration to Clause III(A) (Main Object Clause) of the company's Memorandum of Association to widen its business scope. The current objects clause is described as too narrow, and the change is aimed at enabling diversification into new, profitable areas beyond the existing leather business. This alteration is subject to shareholder approval at the upcoming 40th Annual General Meeting. The Board also approved a revised AGM notice that adds Agenda Item No. 09 covering this MOA change. No specific new business or project has been named yet — only the enabling framework has been put in place. The board meeting ran from 1:30 p.m. to 2:00 p.m.
This is a preliminary, enabling step toward diversification and does not by itself change the company's operations or financials. Shareholders will vote on the MOA change at the 40th AGM, after which the company may explore new business activities. The actual business impact on revenue or profitability will depend on what specific projects the Board takes up next.