Announced Mon, 22 Jun · 18:34 IST
Board approves name change to Svam Agritech and MOA amendment
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Price
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Price reaction · full curve 14 horizons · vs prior close
+10.0%1-day move
₹5.70
prior close
₹5.98
base price
After-mkt
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+0.0+0.0+0.0+0.0+10.0+15.4+21.1+21.8+11.2+3.5+0.0-3.2——
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AI summary
The board approved expanding the company's business scope by adding three new objects to its MOA covering agritech solutions, farming and agriculture, and construction or real estate. The company also proposed changing its name from Svam Software Limited to Svam Agritech Limited, subject to MCA approval. An EGM is scheduled for 14 July 2026 for shareholder approval. This signals a major pivot away from software.
Likely market impact
Major business pivot from software to agritech and real estate. Name change pending shareholder approval at EGM on 14 July.