Announcement under regulation 30 of SEBI(Listing Obligation and Disclosure Requirements)Regulations, 2015
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Royal Sense Limited's Board of Directors, at a meeting held on September 2, 2025, approved several key items including the Director's Report for FY ended March 31, 2025, and the notice for the 2nd Annual General Meeting scheduled for September 29, 2025 via video conferencing. The Board approved an amendment to the Memorandum of Association to add a new object clause permitting the company to enter the cosmetics business, covering products such as perfumes, skincare, haircare, and dermatological products, subject to shareholder approval. Additionally, the Board approved a blanket limit under Section 180(1)(a) of the Companies Act, 2013, enabling the company to sell, lease, or otherwise dispose of assets and create charges or mortgages on company properties, also pending shareholder approval. Mr. Sumit Bajaj was appointed as scrutinizer for the e-voting process, with the cut-off date for shareholder voting eligibility set as September 22, 2024.
The addition of cosmetics to the company's business objects signals a strategic diversification from its existing PPE and medical products focus into the higher-margin personal care segment, which could be a positive growth signal. The Section 180(1)(a) blanket limit, pending shareholder approval, indicates the company may be preparing for potential asset transactions or debt creation. Shareholders should watch the AGM on September 29, 2025 for approvals of these changes.