Travel Food Services Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
TRAVELFOOD · price
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Travel Food Services Limited has amended its Articles of Association after shareholders approved the changes through a special resolution via postal ballot on 24th September 2025, with results declared on 26th September 2025. The amendment adds two new articles (104A and 104B) that formalise the right of the two majority shareholders — SSP Asia Pacific Holdings Limited and the Kapur Family Trust — to each nominate up to two directors to the company's board. These nomination rights also extend to board committees. A 'fall away' clause was also introduced: if either shareholder's stake drops below 20% of share capital, their nomination right reduces to one director, and if it falls below 10%, the right is lost entirely.
This is a governance-related filing that codifies the board representation rights of the two major shareholders, giving them long-term influence over board decisions. For retail investors, this signals continuity in the current ownership and management structure, with no immediate impact on operations, financials, or share price.