Members Approve Addition of New Main and Ancillary Objects to MOA — Chemicals, EPC Roads, Toll Collection

Shareholders passed a Special Resolution at the 32nd AGM amending the Main Objects Clause 3rd (a) and (b) of the Memorandum of Association.

Thu 24 Sep 2026

AGM Date

September 24, 2026

Resolution Type

Special Resolution

New Main Objects

Trading/import-export of chemical and petrochemical products; EPC and development of roads, highways, bridges, tunnels under BOT, HAM,…

Ancillary Objects Added

Road construction machinery, asphalt plants, batching plants, engineering and project consultancy, logistics for bitumen and petroleum…

MOA Clause Amended

Main Objects Clause 3rd (a) and (b) of Memorandum of Association

What was shared

The company intimated the exchanges under Regulation 30 of SEBI LODR that the Main Objects Clause 3rd (a) and (b) of its Memorandum of Association has been amended by a Special Resolution passed by members at the 32nd Annual General Meeting held on September 24, 2026 (Item No. 7 of the AGM notice).

New main objects added

• Clause 11: importing, exporting, trading, distributing and dealing in chemical and petrochemical products — heavy, fine, organic, inorganic and synthetic chemicals, petrochemical intermediates, polymers, resins, solvents, acids, alkalies, gases, dyes and pigments.
• Clause 12: engineering, procurement and construction (EPC), development, rehabilitation, maintenance and operation of roads, highways, expressways, bridges, flyovers, tunnels, pavements and other civil infrastructure and transportation projects under BOT, HAM, DBFOT and PPP models, independently or via joint ventures, consortiums or government tenders.
• Clause 13: entering into joint ventures, collaboration agreements, consortiums and strategic alliances with contractors, developers and government agencies for infrastructure, road and highway projects.
• Clause 14: establishing and operating toll collection systems, user fee plazas and revenue collection frameworks on highways and bridges on behalf of or with central, state or local authorities, municipal corporations, PSUs or private entities; plus Electronic Toll Collection (ETC), FASTag management networks, automated toll lanes, traffic monitoring, weigh-in-motion systems and allied intelligent transportation systems, along with security, surveillance, roadside assistance and corridor maintenance.

Ancillary objects added

• Clauses 62 and 63: purchase, lease, hire, operate and maintain road construction machinery, batching plants, asphalt plants, pavers, rollers, crushers, concrete plants and heavy equipment.
• Clause 64: engineering, technical, project management, supervision, design and consultancy services for infrastructure projects.
• Clause 65: transportation, warehousing, storage, handling and logistics services for bitumen, petroleum products and construction materials.

How to read this

The company currently describes itself as a manufacturer and trader of bitumen and bituminous products, with logistics for bitumen and LPG and wind mills. Widening the objects clause gives it the legal ability to enter road EPC, toll operations and chemicals trading — activities adjacent to its existing bitumen and logistics business.

An amendment to the objects clause is an enabling step. It permits the company to take up these activities; it is not by itself an announcement of a specific project, contract, investment or capital commitment.

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