AGM approves insertion of new object in Memorandum of Association covering hotels and wellness

Mena Mani Industries: members at the Annual General Meeting held on 30 September 2026 approved an alteration in the Memorandum of Association.

Thu 1 Oct 2026

AGM Date

30 September 2026

Resolution Approved

alteration in the Memorandum of Association

New Object Clause

Clause no. III [A] (8) inserted in the Main Object Clause

Permitted Business Scope

hotels, resorts, restaurants, tourism, wellness, spas, holiday homes, banquet and catering, day-care and senior citizen care centres

Tie-ups Permitted

tie up with hotel and hospitality chains in India and abroad

An enabling change to the company's charter

• The members of the company, at the Annual General Meeting held on 30 September 2026, considered and approved an alteration in the Memorandum of Association.
• The alteration inserts a new object, Clause no. III [A] (8), in the Main Object Clause.
• The Memorandum of Association is the company's charter. It lists the activities the company is permitted to carry on, so adding an object widens that permitted set.

What the new object allows

• Hotels, resorts, motels, clubs, tourism centres, restaurants, conventions, wayside amenities and guest houses of every kind.
• Day-care centres, adult day-care centres, senior citizen care centres, rehabilitation centres, service apartments, and recovery and convalescence centres.
• Wellness centres, health and fitness centres, spas, therapeutic and recreational facilities, holiday homes, villas, lodges, guest houses and homestays.
• Cafes, bars, clubs, lounges, banquet halls, convention and exhibition centres, food courts and catering establishments.
• Amusements, recreation, sport and entertainment for the public, and tie-ups with hotel chains, hospitality chains and eating houses chains in India and abroad.
• The clause covers purchasing, developing, constructing, erecting, acquiring, equipping, operating, maintaining and managing these businesses, or dealing with them in any other manner.

How to read this

• The update records the members' approval and the text of the new object. It is a permission to undertake these lines of business.
• The wording is broad: it spans hospitality and tourism as well as care and wellness services, covers operations in India and abroad, and expressly allows tie-ups with chains.
• Because the objects clause defines what a company may do, a widened clause gives room for these activities; any actual step in that direction would come as a separate development.

Key points to note

• The change was approved by the members at the Annual General Meeting, which is the authority for altering the Memorandum of Association.
• The company has described this as a material event and placed the full text of the new clause on record.

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