Shekhawati Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026.
SHEKHAWATI · price
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Shekhawati Industries' board approved three key items at its May 15, 2026 meeting. First, the company will diversify into renewable energy and agriculture sectors by amending its Memorandum of Association to add these as new business activities, subject to shareholder approval. The renewable energy plans include solar, wind, hydro, biomass, green hydrogen, EV charging infrastructure, and trading of renewable energy and carbon credits. Agriculture plans cover cultivation, processing, and trading of various produce, plus organic farming and agri-tech services. Second, the board approved material related party transactions with four entities: SKI Realtech, Vinayak Clothings, SKI Buildcon, and Ruia Silk & Synthetics, pending shareholder approval. Third, the 35th AGM has been scheduled for June 17, 2026 via video conferencing.
The diversification into renewable energy and agriculture represents a major strategic shift for the company, potentially expanding its revenue base. Related party transactions and MoA amendments will require shareholder approval at the upcoming AGM, which shareholders should scrutinize carefully.