BSENoble Polymers LtdMediumNeutral
Announced Tue, 16 Dec · 11:54 IST

Pursuant to Regulation 30 read with SEBI (LODR) Regulation, 2015 we hereby informed you that the object clause of MOA of the Company has been amended with the approval of the members through ....

Price

Loading chart…

▲ 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

Noble Polymers Limited has amended the main object clause of its Memorandum of Association, shifting its stated business focus from plastic materials and allied activities to financial services, including share broking, commodities broking, securities trading, and investment activities. The change was approved by shareholders through a postal ballot, with results declared on September 26, 2013, and is now being formally disclosed to BSE on December 16, 2025. The company has also attached the amended MOA and is requesting revocation of its trading suspension, indicating the stock is currently suspended from BSE trading. The amended MOA retains the company's authorized share capital of Rs 4 crore divided into 80 lakh equity shares of Rs 5 each.

Likely market impact

This represents a major strategic pivot from a manufacturing (plastics) company toward financial services (broking and investments), which could significantly alter the company's risk profile and revenue model. Shareholders should note the company is actively seeking revocation of trading suspension, which could lead to resumption of trading; however, the long gap between shareholder approval (2013) and current disclosure (2025) raises questions about delayed execution.