Shree Tirupati Balajee Agro Trading Company Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 26, 2025.
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The board of Shree Tirupati Balajee Agro Trading Company met on June 26, 2025, and approved two changes: altering the Main Object Clause of the Memorandum of Association and altering the Articles of Association. The reason is a directive from Madhya Pradesh Power Transmission Company Limited (MPPTCL), which requires the company to explicitly include provisions for captive electricity/power generation in its constitutional documents. MPPTCL first flagged this in a March 4, 2025 letter, and followed up on June 17, 2025, giving the company until March 31, 2026 to make the amendments. The company is a manufacturer of HDPE/PP woven sacks, FIBC/jumbo bags, BOPP bags, polymer bags, and tarpaulins. The board meeting lasted just 35 minutes (4:00 PM to 4:35 PM).
This is a compliance-driven change to enable the company to legally operate captive power generation, not a new business expansion. The amendments are mandatory to meet MPPTCL's deadline of March 31, 2026, and ensure the company retains its captive power plant status. Shareholders should view this as administrative housekeeping with no immediate financial impact, though it clears the way for captive power operations to continue.