Shareholders pass Special Resolution to alter Memorandum of Association objects
Shareholders passed a Special Resolution through Postal Ballot to alter the Memorandum of Association's Main and Ancillary Objects clauses.
- Resolution Type
- Special Resolution passed through Postal Ballot
- New Main Objects Added
- Four new Main Objects (7-10): metals/non-metals trading, clearing & forwarding, commission agency, scrap recycling
- New Ancillary Objects Added
- Two new Ancillary Objects (67, 68): renewable energy, green hydrogen, CBG, fertilizers, carbon capture, manpower staffing
What the company informed the exchanges
EKI Energy Services Ltd has told BSE that its shareholders passed a Special Resolution through Postal Ballot to alter the Main Objects and Ancillary Objects clauses of its Memorandum of Association. The change is made by inserting new sub-clauses under Clause III(A) (Main Objects) and Clause III(B) (Ancillary Objects).
The four new Main Objects (sub-clauses 7, 8, 9 and 10)
- Carrying on business as importers, exporters, traders, buyers, sellers, stockists, distributors, suppliers, dealers and agents of ferrous and non-ferrous metals and non-metals, including copper, copper scrap, copper cathodes, copper wire rods, copper concentrates, copper alloys, aluminium, zinc, lead, nickel, tin, brass, bronze, steel, iron and scrap thereof, in India and abroad, on wholesale or retail, cash or credit basis, directly or through agents, dealers, distributors, e-commerce platforms or otherwise.
- Carrying on business as clearing and forwarding agents, custom house agents and freight forwarders, and activities incidental to import of metals, non-metals and scrap, including customs clearance, warehousing, storage, handling, transportation, packing, repacking, grading, sorting, blending and processing.
- Acting as commission agents, indenting agents, consignment agents and stockists for metals, non-metals and allied products on behalf of domestic and foreign principals, and entering into contracts, proforma invoices, purchase orders, sale agreements and allied commercial arrangements.
- Recycling, reprocessing, refining, smelting and converting metal and non-metal scrap into ingots, billets, rods, wires, sheets and other saleable forms, and trading in the products so manufactured or processed.
The two new Ancillary Objects (sub-clauses 67 and 68)
- Renewable energy and energy products derived from solid, liquid, gaseous and other renewable and alternative resources including solar, wind, hydro, biomass and organic waste; renewable and alternative fuels and energy carriers including hydrogen, green hydrogen, methanol, biogas and compressed biogas (CBG); fertilizers, bio-fertilizers, organic fertilizers, soil conditioners and manures; consultancy, research, development and implementation relating to biomass feed materials, briquettes, pellets and biochar; carbon capture, carbon utilisation and carbon removal technologies and equipment; and setting up, developing, constructing, operating and maintaining related plants, projects and infrastructure.
- Manpower and staffing: providing, supplying, outsourcing, recruiting, appointing, placing and deploying personnel of all categories, including skilled, semi-skilled, unskilled, trained and untrained workers, employees, staff, executives, professionals and technical personnel, on permanent, temporary, contractual, casual or outsourced basis, in India or elsewhere; plus contract staffing, labour contracting, recruitment, placement, payroll and human resource management services.
What the main objects and ancillary objects are
The Memorandum of Association is a company's charter document. The Main Objects set out the core businesses the company is formed to carry on, and the Ancillary Objects cover activities that are incidental or supportive of those businesses. A company's objects clause needs to cover a line of business before the company can undertake it.
What a Special Resolution through Postal Ballot means
A Special Resolution requires a higher level of shareholder approval than an ordinary resolution. A Postal Ballot allows shareholders to vote without a physical meeting. This update follows the company's earlier intimation dated September 10, 2026 on the same proposal, and states that the shareholders have now passed the resolution.
How investors may read this
The amendment widens the set of businesses the company's charter permits it to undertake — metals and scrap trading, processing and agency work on the main objects side, and renewable energy, alternative fuels, carbon-related technologies and manpower services on the ancillary side. An objects amendment is generally seen as giving a company the flexibility to operate in those areas, and market participants often track such changes alongside the company's stated business plans.
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