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The board of Shree Ganesh Elastoplast Ltd met on March 2, 2026 and approved adding a new Main Object Clause to the company's Memorandum of Association. The new clause will allow the company to provide managerial, supervisory, technical, and engineering consultancy services to industries, mines, and manufacturing units, including production of minerals, coal, iron, aluminium, zinc, copper, and other metals. Since this is a change to the main objects, it requires a special resolution from shareholders, which the company will seek through a postal ballot and e-voting process. The cut-off date for shareholders is March 6, 2026, e-voting runs from March 13 to April 13, 2026, and results are expected by April 16, 2026. Kamlesh M Shah & Co. has been appointed as scrutinizer and CDSL as the e-voting service provider. The company currently appears to operate in the elastoplast/plastics space and is now looking to diversify into industrial and mining consultancy services.
This is a forward-looking diversification move rather than an immediate revenue driver — shareholders will need to approve the new object clause via postal ballot. If approved, it gives the company flexibility to enter the mining and industrial consultancy space, which could open up a new revenue stream, but no concrete contracts, revenue expectations, or timelines for this new business have been disclosed yet.