Intimation of change in memorandum of association and receipt of certificate of registration of the special resolution confirming alteration of object clause from the competent authorities.
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MKP Mobility Ltd has completed the process of amending its Memorandum of Association by removing its original object clause covering spinning, yarn manufacturing, weaving, dyeing, and other textile-related activities. Shareholders had approved this change through a special resolution at the 34th Annual General Meeting held on September 19, 2025, and the Ministry of Corporate Affairs issued the fresh certificate of incorporation on October 24, 2025. The company stated that this textile business is no longer part of its operations and the removal is simply to streamline the MOA and align it with its current and future business focus (mobility). The remaining sub-clauses have been renumbered accordingly, with no other changes made.
This is a routine housekeeping/regulatory update and should have no direct impact on shareholders or the stock price. However, the formal removal of the legacy textile object clause signals a clear strategic shift, confirming the company's identity as a pure mobility-sector business going forward.