Virat Industries exits oral care, pivots to textiles and real estate
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Virat Industries board approved major diversification. The company will exit its oral and dental care products business (toothbrushes, toothpaste, mouthwash) and add three new objects: textile and hosiery, investment and holding company services, and real estate and infrastructure. A new MOA aligned with Companies Act 2013 will be adopted. The earlier approved name change to Brham Well-being and Lifestyle Corporation has been withdrawn; a new name is being evaluated. All changes need shareholder approval.
Major strategic pivot away from oral care into textiles, investments and real estate. Shareholder approval needed; watch for new company name.