BSEMegamont LtdMediumNeutral
Announced Tue, 23 Dec · 23:00 IST

Please find attached herewith the relevant disclosure for amendments to MOA and AOA of the Company.

Auditor Resigned MidtermPromoter Family Board EntryCeo Appointed ExternalManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of V.R. Woodart Limited has approved sweeping changes following a Change in Management, including renaming the company to 'Megamont Limited' and amending its main objects to add new businesses in petroleum products, carbon materials, and metallic/non-metallic mineral trading and mining. Six new directors were appointed: Ms. Minal Patil and Ms. Maddukuri Mounika as Whole Time Directors (Mounika also as CEO), Mrs. Madhura Singh and Mr. Manish Jhanwar as Independent Directors, Mr. Tejas Narendra Patil as Non-Executive Director, and Mr. Abhijeet Krishna Yerukar as Independent Director. Both Minal Patil and Maddukuri Mounika will be reclassified as promoters after completion of an Open Offer, marking a takeover of the company. The statutory auditor M/s. Thakur Vaidyanath Aiyar & Co. resigned and was replaced by M/s. K P N & Co. to fill the casual vacancy. The registered office will shift from Walkeshwar to Andheri East, Mumbai, and an EGM is scheduled for January 14, 2026 to seek shareholder approval.

Likely market impact

This represents a near-complete transformation of the company — new promoters are taking control via an Open Offer, the business identity is changing toward petroleum and mining, and the board is being completely reconstituted. Shareholders should expect a significant shift in business direction and should review these proposals carefully before voting at the January 14, 2026 EGM.