Sodhani capital limited has informed to the exchange in regards with the Alteration of the Main Object clause in the Memorandum of Association of the Company subject to the Approval of ....
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Sodhani Capital Ltd's board, at its meeting on 24th March 2026, approved three key items. First, it proposed altering the Main Objects clause of its Memorandum of Association to add a new business line as a Direct Selling Agent (DSA) and referral agent for banks, NBFCs, and housing finance companies, covering loans such as home loans, personal loans, and business loans. Second, it proposed raising the aggregate limit for loans, guarantees, securities, and investments under Section 186 of the Companies Act to ₹100 Crores, up from the existing threshold. Both proposals require shareholder approval through a postal ballot, and the notice will be filed with the stock exchange in due course.
The proposed business expansion signals the company's intent to diversify beyond its current operations into the loan facilitation/fintech space, which could open new revenue streams if approved. The higher Section 186 limit gives the board more flexibility to deploy capital, but both moves are subject to shareholder vote and carry execution risk typical of a small-cap NBFC expanding into new verticals.