Announced Wed, 25 Feb · 16:48 IST

Shree Ganesh Elastoplast Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/03/2026 ,inter alia, to consider and approve change of object clause of MOA

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Awaiting price reaction for this filing.

AI summary

Shree Ganesh Elastoplast has called a Board meeting on March 2, 2026 to consider expanding its business scope by adding a new object clause to its Memorandum of Association. The proposed new clause would allow the company to offer consultancy services for trade, industry, and commerce, including supervisory and technical services. Since this requires shareholder approval, the company plans to conduct a postal ballot and e-voting process within 90 days, appointing Kamlesh M Shah & Co. as scrutinizers and CDSL as the e-voting platform provider. The current registered office is in Ahmedabad, and the company is listed on BSE under scrip code 530797.

Likely market impact

This is a routine corporate housekeeping matter that broadens the company's permitted business activities to include consultancy services. It is not expected to have any immediate material impact on stock price or shareholder value, but signals management's intent to diversify into services beyond its current core business.