Pursuant to Regulation 30 of SEBI LODR, we wish to inform you regarding the adoption of new set of Memorandum of Association of the Company. Accordingly, MCA has also approved vide its ....
Awaiting price reaction for this filing.
Nagarjuna Agri-Tech Ltd has adopted a new Memorandum of Association, approved by the Board on June 27, 2025 and shareholders at an EGM on July 28, 2025, with MCA (Registrar of Companies) giving its final approval on August 26, 2025. The new object clause shifts the company's business focus heavily toward the food and beverages sector, including manufacturing, processing, and trading of foods, beverages, dairy, bakery products, frozen foods, and health drinks. It also opens new business lines around Quick Service Restaurants (QSRs), cloud kitchens, and tie-ups with food delivery and quick commerce platforms. The authorised share capital has been restated at Rs. 30 crore, divided into 3 crore equity shares of Rs. 10 each, replacing the earlier capital clause. This signals a major strategic pivot for the company from its earlier agri-tech identity toward a food, beverage, and QSR-focused business.
This is a significant strategic shift for shareholders — the company is redefining its core business from agri-tech to a broader food & beverage and restaurant platform. Investors should expect a change in the company's business profile, though no financials or operational milestones have been disclosed yet, so the stock reaction will depend on further announcements regarding capital raising, new ventures, or acquisitions under the new objects.