Disclosure under Reg 30 SEBI (LODR) Regulations, 2015, Copy of postal ballot Notice dated July 09, 2025 along with explanatory statements, as sent to the shareholders on July 11, 2025
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Paradeep Parivahan Limited has sent a postal ballot notice (dated July 9, 2025; dispatched July 11, 2025) seeking shareholder approval for a special resolution to alter the Main Objects Clause of its Memorandum of Association. The company proposes to add three new business areas: (1) real estate development and civil/infrastructure construction (roads, buildings, bridges, pipelines, railways, etc.); (2) manufacturing and trading of cement, clinker, gypsum, lime and other building materials; and (3) production and sale of biofuels like ethanol from agro-waste, along with trading of petroleum products and lubricants. E-voting runs from July 14, 2025 (9:00 AM) to August 12, 2025 (5:00 PM), with results expected by August 14, 2025. The cut-off date for eligibility is July 4, 2025. The stock is listed on the BSE SME platform (Scrip Code: 544383).
This is a significant diversification move away from the company's existing logistics/transport business into infrastructure, construction materials and energy — which could expand long-term revenue streams but also raises execution risk. Investors should note this is a special resolution (requiring 75% majority) and the company is an SME-listed entity, so liquidity remains limited.