Shareholders approve alteration of Object Clause III of the MOA; new main objects and sub-clauses added

Accretion Nutraveda shareholders have approved altering the Object Clause (Clause III) of the Memorandum of Association.

Sat 10 Oct 2026

Postal Ballot Notice Date

01st September, 2026

Resolution Passed Date

09th October, 2026, the last date of e-voting

MOA Object Clause Change

Main Object Clause III(A) has been inserted and/or substituted; new sub-clauses III(B)(58) to III(B)(69) added

What happened

• The company sought shareholders' approval for alteration of the Object Clause (Clause III) in the Memorandum of Association through a Postal Ballot dated 01st September, 2026.
• The resolution has been passed on 09th October, 2026, being the last date of e-voting.
• Object Clause III has been approved for alteration and amendment by inserting and/or substituting Main Object Clause III(A) and inserting new sub-clauses under Clause III(B), numbered III(B)(58) to III(B)(69).

What an Object Clause is

The Object Clause is the part of a company's Memorandum of Association that sets out the activities the company is formed to carry on. Adding to or substituting it changes the range of businesses the company is permitted to pursue.

What the revised main objects cover

• Manufacturing, producing, processing, formulating, researching, testing, refining, buying, selling, importing, exporting, trading (online or offline), distributing, marketing, stocking, packing and dealing in nutraceuticals, dietary supplements, vitamins, Ayurvedic, Homeopathic, Unani, Allopathic, Naturecure, Herbal and wellness products, organic compounds, fermentation products, drugs, pharmaceuticals, medicaments, bulk drugs, intermediates, medicines and injectable preparations, and veterinary products.
• Cosmetics, medicated soaps, shampoos, toiletries, lotions, creams, personal hygiene products, and surgical, medical, dental and scientific equipment, diagnostic kits and reagents, implants, bandages, medical cotton, gauze and healthcare aids.
• Setting up and running chemists and druggists shops, dispensaries, hospitals, nursing homes, diagnostic centres, pathology and clinical testing laboratories, radiology, X-Ray and ECG clinics, medical institutes and training colleges, factories, laboratories, research and development centres, formulation development centres and Contract Research Organizations (CROs).
• Mineral waters, cordials, soups, health foods, nutraceuticals, dietary and nutritional products and a range of consumer food items such as packed foods, juices, jams, jellies, beverages, energy drinks, fortified foods and probiotic foods.

What the new sub-clauses cover

• The company, as a legal entity with perpetual succession, shall have the power to sue and be sued.
• Investing in, subscribing for, acquiring, holding, selling, transferring and dealing in shares, stocks, equity shares, preference shares, debentures, bonds, derivatives and other financial instruments and securities, listed or unlisted, in India or elsewhere.
• Procuring registration or recognition of the company outside India, and establishing agencies in India and elsewhere for sale and purchase.
• Acquiring and owning materials, substances, appliances, machines, containers and apparatus, and acquiring, building, constructing, maintaining and managing buildings, offices, factories, mills, shops, machinery and other works.
• Undertaking financial and commercial obligations, transactions and operations of all kinds.
• Establishing, maintaining and subsidising research laboratories and experimental workshops, and supporting scientific and technical research, experiments and inventions.
• Acting as traders, merchants, brokers, agents and dealers, executing contracts and sub-contracts, taking over or acquiring agencies, management or operation of similar businesses, and acting through agents, brokers or sub-contractors.
• Backward and forward integration: cultivation, production, sourcing, procurement and processing of raw materials, agricultural produce, herbs, medicinal plants, botanical extracts, nutraceutical ingredients and food ingredients, and manufacturing, processing, packaging, storage, warehousing, transportation, distribution, marketing, sale and supply of finished and semi-finished products, directly or through contract farming, farmers, growers, suppliers, subsidiaries, associates and joint ventures.
• Cultivating, growing and producing agricultural, horticultural and plantation produce, and owning, acquiring, holding, leasing, developing or dealing in land, agricultural farms, orchards and gardens, with processing, packaging, storage, transport, marketing and sale of such produce.

How to read this

• The amendment is enabling in nature: it widens the set of activities the company is permitted to carry on under its Memorandum of Association.
• The change follows a member vote through postal ballot, and the resolution has been passed.
• The revised objects lean towards nutraceuticals, pharmaceuticals, healthcare, foods, and agricultural and horticultural sourcing and processing.

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