Ritco Logistics Limited has informed the Exchange that the Board of Directors of the Company at its meeting held today i.e on Thursday 19th Day of June 2025 (commenced at 02:30 P.M. and concluded at 3:20 P.M.) have considered and approved the following matters:1. Altered the Object clause of the Memorandum of Association subject to the approval of the Shareholders through postal ballot as per section 110 of the Companies Act, 2013.2. the Postal Ballot Notice and other incidental matters thereto.
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The Board of Directors of Ritco Logistics Limited met on June 19, 2025, and approved a proposal to alter the Object clause of the company's Memorandum of Association. This change is subject to approval from shareholders through a postal ballot, as required under Section 110 of the Companies Act, 2013. The Board also approved the Postal Ballot Notice and related matters. The notice will be sent electronically to shareholders whose names appear on the register as of June 25, 2025 (the cut-off date). The postal ballot process allows shareholders to vote remotely without attending a physical meeting.
Shareholders will soon receive a postal ballot notice to vote on the proposed change to the company's core business objects, which could signal a potential shift or expansion in business activities. The actual change only takes effect if shareholders approve it.