Approval of resolutions for change in main objects of the company and adopting new set of Articles of Association for the company in pusuant to Companies Act 2013 in the 40th AGM held on ....
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At its 40th Annual General Meeting held on 12th September 2025 via video conferencing, shareholders of Miven Machine Tools Ltd approved two key resolutions. First, an amendment to the Memorandum of Association to add a new main object, allowing the company to enter the business of manufacturing, assembling, and designing all types of water dispensing machines — marking a diversification beyond its existing machine tools operations. Second, the adoption of an entirely new set of Articles of Association (AoA) to replace the existing ones, which were based on the now-superseded Companies Act, 1956, and bring them in line with the current Companies Act, 2013. The revised MOA and AoA have been uploaded to the company's website.
For shareholders, the main-object change signals a strategic pivot into the water dispensing machine segment, which could open new revenue streams but also brings execution and diversification risk. The AoA overhaul is largely administrative and aligns governance with current law, with no direct financial impact.