Rajratan Global Wire Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
RAJRATAN · price
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Rajratan Global Wire Limited has received shareholder approval to amend its MOA and AOA, inserting new clauses (Clause 46 in MOA and Clause 157 in AOA). The new clauses allow the company to generate, develop, buy, sell, and distribute electricity from both conventional and non-conventional sources such as solar, wind, and hybrid energy. The company can now set up power generation plants in India and abroad, establish R&D centers, and offer consultancy for power projects. The electricity produced will primarily be used for captive consumption by the company itself. The resolutions were passed on January 2, 2026 with the required majority.
This move enables Rajratan Global Wire to become partly energy self-sufficient by setting up its own power plants, which could reduce its long-term electricity costs and improve operating margins. For shareholders, it signals a strategic diversification into renewable power generation, though the financial impact will depend on the scale and timeline of actual plant installations.