Prashant India Limited informed Exchange regarding alteration of MOA.
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Prashant India Ltd informed the BSE that shareholders, through a postal ballot with the last date of remote e-voting on October 14, 2025, approved two key changes. First, a new sub-clause was inserted into the Main Objects (Clause III(A)) of the Memorandum of Association, allowing the company to lease, rent out, or hire its land, buildings, industrial premises, plant, machinery, and other properties to others for industrial, commercial, power, renewable energy, warehousing, or related business activities. Second, the registered office was shifted from Palsana (District Surat, Gujarat) to Surat City (Udhana Darwaja area), remaining within the same state and same Registrar of Companies jurisdiction. The company is a BSE-listed entity (Scrip Code: 519014) with CIN L15142GJ1983PLC006574.
The expanded object clause opens the door for the company to monetise its existing land and assets through leasing, potentially generating steady rental income in sectors like renewable energy and warehousing — a possible signal of business diversification. The registered office relocation from Palsana to Surat City is administrative in nature with no material change in jurisdiction and is unlikely to affect shareholders directly.