Announced Wed, 22 Jul · 19:20 IST

Company to rename Namastika Enterprises, pivot to textile and retail business

Corporate Actions 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

Net Pix Shorts Digital Media board approved changing the company name to Namastika Enterprises Limited, subject to Registrar of Companies approval. The board also approved altering the MOA to add textile manufacturing, garments, hosiery, fashion accessories, and related products as main business objects. The company will enter digital and B2B distribution of textile and retail products, and set up a new corporate office in Jaipur, Rajasthan. This marks a significant strategic pivot away from the digital media business.

Likely market impact

Major business pivot from digital media to textiles and retail. Watch for ROC approval of name change and execution of new textile strategy.