Orient Paper & Industries Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
ORIENTPPR · price
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Orient Paper & Industries has informed the exchanges that its Board of Directors approved, via a circular resolution on July 15, 2025, a proposal to amend the company's Articles of Association. The proposed change adds a new clause (Article 94A) under 'Powers of Directors' that explicitly authorises the Board to set up, acquire, manage, and operate electricity generation plants including hydel, thermal, nuclear, solar, wind and other sources, for both captive use and sale to third parties. The amendment is needed to comply with the Madhya Pradesh Electricity Regulatory Commission's 2023 regulations on captive generating plants, specifically to maintain the captive status of the company's existing 55 MW power plant located at Amlai, District Shahdol, Madhya Pradesh. The change is subject to shareholder approval at the upcoming Annual General Meeting.
This is largely a procedural and compliance-driven update with no immediate financial impact. It signals the company's intent to retain flexibility around its existing 55 MW captive power plant at Amlai and continue power generation activities. Shareholders will need to approve the amendment at the forthcoming AGM, which is standard regulatory housekeeping.