Announcement under Regulation 30 (LODR), 2015-Alteration of new object clause in Memorandum of Association of the Company, Subject to approval of the Members of the Company through Postal Ballot.
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Awaiting price reaction for this filing.
Prashant India Ltd's Board of Directors met on 8th September 2025 and approved three key proposals that will now go to shareholders for approval via postal ballot. First, the company plans to shift its registered office from Palsana to Surat City (outside the existing local limits). Second, the Board approved leasing or renting out a property situated at Dhank, Rajkot, suggesting a possible new income stream from real estate. Third, the Board approved an alteration of the object clause in the Memorandum of Association, which signals an intent to broaden the scope of business activities. The Board also authorized the postal ballot process and appointed Mr. Jitendra Ramanlal Bhagat, Practicing Company Secretary, as the scrutinizer for the e-voting process. The meeting ran from 2:00 p.m. to 5:30 p.m.
These are strategic-level changes pending shareholder approval. The MOA object clause alteration and registered office shift to Surat indicate the company may be repositioning or expanding its business focus, while the Rajkot property lease could add a small recurring revenue line. Nothing is final until the postal ballot results are in, so investors should watch the voting outcome before drawing conclusions on long-term direction.