Sikko Industries Limited has informed the Exchange regarding Notice of Postal Ballot
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Sikko Industries Limited has issued a Postal Ballot Notice to seek shareholder approval for a Special Resolution to alter the Main Object Clause of its Memorandum of Association. The proposed change adds new sub-clauses allowing the company to enter the energy sector, including generation, production, distribution, and trading of electricity and power from conventional sources (coal, petroleum) and renewables (wind, solar, hydro, thermal, tidal). The company currently operates in pesticides, fertilizers, agricultural chemicals, and related products. E-voting (via NSDL) runs from March 11, 2026 (9:00 AM) to April 09, 2026 (5:00 PM), with results to be declared on or before April 11, 2026. The cut-off date for eligibility is March 06, 2026. M/s. ALAP & Co. LLP has been appointed as Scrutinizer. The Board approved the proposal at its meeting on March 07, 2026.
This represents a significant diversification move away from the company's core agri-chemical business into the energy and power sector, which could open new long-term growth avenues but also carries execution and capital allocation risks. Shareholders must cast their votes electronically through NSDL before April 9, 2026, as approval requires a Special Resolution (higher voting threshold).