Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015-Postal ballot notice dated May 02, 2025 along with Explanatory Statement, seeking approval of members of the company to transact ....
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Yuvraaj Hygiene Products Limited has issued a Postal Ballot Notice dated May 02, 2025 seeking shareholder approval for a Special Resolution to alter the Main Object Clause of its Memorandum of Association (MOA). The proposed change adds a new sub-clause permitting the company to manufacture, process, trade and deal in plastic, steel, wooden and furniture products (bottles, storage containers, plastic crates, polycarbonate sheets, tables, chairs, etc.) for industrial, commercial and household use. The Board approved the proposal on May 02, 2025. Voting will be conducted only through remote e-voting via CDSL, commencing May 13, 2025 (9:00 AM IST) and concluding June 12, 2025 (5:00 PM IST), with the cut-off date for eligibility set as May 09, 2025. CS Mannish L. Ghia has been appointed as the Scrutinizer for the process. The resolution, if passed, will be deemed effective from June 12, 2025.
Shareholders are being asked to approve a business diversification move beyond the company's current hygiene product line into plastics, steel, wood and furniture segments. Approval would broaden the company's permissible business activities and could open new revenue streams, though it signals a strategic shift beyond the core business and depends on shareholder vote by June 12, 2025.