The Shareholders of the Company at their AGM held on 29th August 2025 approved alteration of the Object Clause of the Company to carry out new business activities
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Awaiting price reaction for this filing.
At the Annual General Meeting held on 29th August 2025, shareholders of Relic Technologies Ltd approved a change to the company's Object Clause. This amendment allows the company to venture into new business areas beyond its current scope. The filing does not specify which new activities the company plans to undertake or any financial details related to the expansion. This is a formal regulatory step required under the Companies Act before a company can begin operating in additional business lines.
For shareholders, this signals the company's intention to diversify or pivot into new business segments, which could open up future growth opportunities but also brings execution risk. Near-term stock impact is likely limited as no concrete deal or business plan details have been disclosed.