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Awaiting price reaction for this filing.
Yuranus Infrastructure Limited conducted a Postal Ballot through remote e-voting from February 5, 2026 to March 6, 2026 to seek shareholders' approval for a Special Resolution to alter the Object Clause of the Memorandum of Association. Out of 35,00,000 total outstanding shares, 23,30,792 shares (66.59%) were voted, with all votes cast in favor and zero against. Promoter and Promoter Group (holding 23,30,636 shares) voted 100% in favor, while 156 shares from public non-institutions were also voted in favor. The Scrutinizer, Nayan Pitroda (Practicing Company Secretary), submitted his report on March 7, 2026 confirming the resolution was passed with the requisite majority.
The alteration of the Object Clause means the company is expanding or modifying the scope of business activities it is permitted to undertake under its charter, which could signal a strategic shift or new business direction. This is a structural change shareholders should monitor for upcoming business announcements.