Board approves alteration of main objects to biofuel, ethanol business; approves name change to Raavi Greenz Resources

Board approves altering the Main Objects Clause of the Memorandum of Association to cover biofuel such as ethanol, agro-based products and allied businesses.

Mon 12 Oct 2026

Main Objects Alteration

Alteration of Main Objects Clause of the Memorandum of Association to cover biofuel such as ethanol, agro-based products

Proposed Name Change

Fabino Enterprises Limited to Raavi Greenz Resources Limited

Approval Requirement

Both steps need shareholders' approval by special resolution; name change also needs a fresh Certificate of Incorporation

What the Board approved

• Alteration of Clause III (A) - Main Objects of the Memorandum of Association, and adoption of a new set of Memorandum of Association in conformity with the Companies Act, 2013. This is subject to the approval of shareholders by way of a special resolution.
• Change of the company's name from Fabino Enterprises Limited to Raavi Greenz Resources Limited, with consequential alteration to the Name Clause of the Memorandum of Association and to references in the Articles of Association.

What the new main objects cover

• Carrying on business or producing biofuel such as ethanol, and marketing and supplying high starch agro products, agro based products, ethanol, electricity, and liquid or gaseous petroleum and petroleum products, along with refineries, pipelines, plants and outlets for production, refining, processing, storage, supply, transportation and distribution.
• Manufacturing, producing, processing, importing, exporting, trading, refining, distributing and dealing in all kinds of fuel ethanol, its by-products and joint products, and biodiesel fuel.
• Purchasing or otherwise acquiring starch content agro based products and manufacturing, processing, distilling, blending, storing, transporting, importing, exporting, selling, marketing and distributing grains such as broken rice, Jowar, Maize (corn), Pearl millet, sugarcane, molasses and sugarcane juice, plus spirit and energy and power related products.
• Organic and inorganic chemicals and synthetic chemicals derived from fermented high starch juice, and special types of ethanol and products including gases, effluent gases, power, steam and bio fertilizers.

Why the name is being changed

The Board's stated reason is that the new name better reflects the proposed business activities of the company, particularly in the areas of green / renewable resources, biofuel and related agro-based businesses.

What still has to happen

• The objects alteration requires shareholders' approval by way of a special resolution.
• The name change requires shareholders' approval by a special resolution at the ensuing General Meeting and the requisite approvals of regulatory authorities, and becomes effective only upon the Registrar of Companies issuing a fresh Certificate of Incorporation under Section 13 of the Companies Act, 2013.

How a retail investor can read this

The update points to a proposed shift in the company's business direction towards ethanol, biofuel and agro-based products, along with a rebranding to match that direction. These are approvals at the Board level. The altered objects and the new name take effect only after the stated shareholder and regulatory steps. How much this adds to the company's business would depend on how and when the proposed activities are actually taken up.

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