OCCL Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
OCCLLTD · price
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OCCL Limited has amended its Memorandum of Association to expand its business scope. At the 3rd Annual General Meeting held on July 28, 2025, shareholders approved a special resolution to add a new sub-clause (5) under the existing Main Object Clause (3(a)). The addition allows the company to generate, produce, manufacture, distribute, transmit, sell, and trade in electrical energy from both conventional sources (coal, petrol, diesel) and renewable sources (wind, solar, wave, tidal, hydro, thermal). The company can also set up power plants, wind turbines, and power stations, and deal in related machinery, equipment, spares, and components. This effectively diversifies OCCL beyond its current operations into the broader energy and power sector.
This is a diversification move that opens the door for OCCL to enter the power generation business, including renewable energy, which could create new revenue streams over time. Investors should watch for follow-up announcements on actual projects, capex, or partnerships in the energy space, as the amendment itself does not commit the company to any specific action.