The Board of Directors at their meeting today has approved to insert additional business activity in main object clause of the Memorandum of Association (MOA) of the Company

Premier Synthetics Ltd's board, at its meeting on August 25, 2025, approved inserting a new main-object activity — management, selling, manufacturing and finance consultancy services (on fee, commission or profit-sharing basis) — into the company's Memorandum of Association. Separately, the board cleared the sale of the company's land parcel at Rakanpur, Tal. Kalol, Dist. Gandhinagar (new Survey No. 708, 709 and 710, admeasuring 18,284 sq. mtrs., including structures) under Section 180(1)(a) of the Companies Act, for a consideration of not less than Rs 6 crore. The asset contributed NIL to the company's turnover and revenue in the last financial year because manufacturing operations had already been discontinued with effect from January 1, 2024. The transaction is not a related-party deal, and the board also approved an addendum to the notice convening the 55th Annual General Meeting.