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Awaiting price reaction for this filing.
On April 15, 2025, the Board of Directors of Sofcom Systems Ltd approved shifting the company's Registered Office from Jaipur, Rajasthan to Surat, Gujarat (effective the same day). The Board also approved a consequential alteration in the Memorandum of Association to reflect this change. The shift is subject to approval from shareholders at an upcoming Extraordinary General Meeting (EGM), as well as from the Registrar of Companies and the Regional Director. The company has informed that the EGM notice will be issued separately. The Board meeting was held from 5:15 PM to 6:15 PM IST and the intimation was signed by Managing Director Priti Apurvbhai Shah.
This is a corporate housekeeping action — relocating the registered office from Rajasthan to Gujarat, which is considered a tax- and business-friendly state. There is no direct impact on share price, but shareholders will need to approve the move at an upcoming EGM. It signals a possible shift in the company's operational or strategic base to Gujarat.