Shareholders Approve Adding Solar Energy Objects to Memorandum of Association at 46th AGM

At the 46th AGM held on September 25, 2026, shareholders passed a Special Resolution to alter the object clause of the Memorandum of Association.

Fri 25 Sep 2026

AGM Date

September 25, 2026

Resolution Type

Special Resolution

New Object Clauses Added

Clauses 8, 9 and 10

Clause 8 Business

Generating, trading, transmitting, distributing and supplying solar energy

Clause 9 Business

Acquiring concessions/licences and setting up, owning and operating solar power plants

What was shared

The company disclosed under Regulation 30 of the SEBI Listing Regulations that shareholders, at the meeting held on Friday, September 25, 2026 at 10:00 a.m., approved a change in the object clause of the Memorandum of Association by passing a Special Resolution.

What was inserted

Three new clauses — 8, 9 and 10 — were added to the main object clauses of the existing Memorandum.

• Clause 8: business of generating, trading, purchasing, marketing, selling, producing, manufacturing, transmitting, accumulating, distributing and supplying solar energy, including for its own use or for sale to Governments, State Electricity Boards, intermediaries in power transmission/distribution, companies, industrial units or other consumers, including construction, generation, operation, maintenance, renovation and modernization of power stations.
• Clause 9: to acquire concessions or licences, or enter into contracts with the Government of India, State Governments, municipal/local authorities, statutory bodies or others, for development, erection, installation, construction, operation and maintenance of solar power plants, and to own, set up, commission, manage, operate, hire or lease the necessary plants, equipment, sub-stations, generators, transmission facilities, machinery, cables and apparatus.
• Clause 10: to carry on the business of consultants, advisors and auctioneers for all types of solar energy plants and to undertake research and development in solar energy and allied fields.

How to read it

A Memorandum of Association sets out the activities a company is legally allowed to undertake. Adding object clauses is an enabling step — it creates the legal room to pursue solar energy activity, including captive power for its own operations. It does not by itself commit the company to any specific project, capital outlay or timeline; this update states the alteration and its wording only.

Context

Nahar Spinning Mills is a textile company. Captive solar power is commonly explored by energy-intensive manufacturers. Investors may watch for any subsequent announcements on actual solar capacity, investment or approvals before drawing conclusions about financial impact.

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