Notice for completion of dispatch and submission of postal ballot notice
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NTC Industries Ltd has sent a postal ballot notice to shareholders seeking approval to alter the Objects Clause of its Memorandum of Association. The proposed change adds a new business object covering manufacturing, processing, trading, and distribution of all kinds of food products including processed foods, packaged foods, snacks, beverages, dairy products, bakery items, and agricultural produce. The company stated this move is aimed at diversifying into the food processing sector to capture emerging market opportunities and support long-term growth. The e-voting window runs from 9:00 AM on January 6, 2026 to 5:00 PM on February 4, 2026, with results expected on or before February 6, 2026. The cut-off date for eligibility was December 26, 2025, with NSDL providing the e-voting platform and Ms. Prachi Todi appointed as Scrutinizer.
If approved, shareholders will be enabling the company to enter the food business, which represents a significant diversification from its existing operations. The resolution requires a special resolution, so shareholders should evaluate the strategic rationale before casting their votes during the e-voting window.