Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 for Alteration of Memorandum of Association (MOA) of the Company
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New Light Apparels Limited has informed BSE that its members approved a major alteration to the Objects Clause of the company's Memorandum of Association. The approval came through a Special Resolution passed via postal ballot and remote e-voting, with the notice issued on March 10, 2025 and the resolution concluded on April 10, 2025. The amended MOA significantly widens the company's permitted business activities well beyond its core apparel business. New main objects include sanitary products (pads, diapers, feminine hygiene items), paper and paper-based products, plastic and polymer goods, recycling and waste management, jewellery, carpets and textiles, export house operations, and broad e-commerce/quick commerce trading of consumer goods. The intimation, signed by Managing Director Sandeep Makkad, was filed with BSE on May 6, 2025, along with the revised MOA.
This is a governance step that gives the company legal flexibility to enter several new sectors such as hygiene products, paper, recycling and online commerce, but it is not a launch announcement and involves no immediate capital action. Shareholders should watch for follow-up disclosures on actual business execution, funding and partnerships before treating this as a fundamental change.