We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 12th January, 2025, which commenced at 05.00 p.m. and concluded at 06.00 p.m. have discussed, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved a major alteration to the Object clause of the Memorandum of Association, adding new business areas focused on nuclear, thermal, and renewable energy training, R&D, AI/robotics, and CBRN (Chemical, Biological, Radiological, Nuclear) defense services for military and government clients. The board recommended the appointment of Mr. Ikerath Joseph Sam (DIN: 00089946) as a director for a 5-year term effective November 14, 2025, pending shareholder approval. It also re-appointed Mr. Jinesh Mehta as an Independent Director for a second consecutive 5-year term starting May 16, 2026. A postal ballot notice was approved to seek shareholder consent for all the above items.
The filing signals a significant strategic pivot from the company's existing operations into high-barrier sectors like nuclear energy services and CBRN defense — potentially opening new revenue streams but also introducing execution and regulatory risks. Shareholders will get to vote on the MOA expansion and board changes through a postal ballot in the coming weeks.