Members approve alteration of Main Object Clause to add milk and dairy products business

Members have approved an alteration to the Main Object Clause of the Memorandum of Association, adding a new dairy business line.

Thu 1 Oct 2026

Approval Route

Special Resolution passed at the Annual General Meeting

AGM Date

29th September, 2026

MOA Alteration Detail

Inserting sub-clause 11 after sub-clause 10 of Clause 3(A)

New Business Object

Milk and dairy products

What happened

At the Annual General Meeting held on 29th September, 2026, the members of the company approved the alteration of the Main Object Clause of the Memorandum of Association by passing the requisite Special Resolution. An earlier intimation dated 05th September, 2026 had conveyed the Board of Directors' approval for this alteration, subject to the approval of the members.

What exactly changed

• The Main Object Clause of the Memorandum of Association has been altered by inserting sub-clause 11 after sub-clause 10 of Clause 3(A).
• The new sub-clause permits the company to carry on the business of manufacturing, processing, producing, preparing, preserving, packing, bottling, chilling, freezing, storing, transporting, distributing, importing, exporting, buying, selling, supplying, marketing and otherwise dealing in all kinds of milk and dairy products.
• Products named in the clause include fresh milk, pasteurised milk, UHT milk, milk powder, cream, butter, ghee, cheese, paneer, curd, yoghurt, buttermilk, lassi, flavoured milk, condensed milk, milkshakes, ice creams, frozen dairy products, dairy-based beverages and desserts, whether made from natural or processed milk.
• It also covers dealing in all ingredients, raw materials, by-products, derivatives, packaging materials and other related products.

Why the company says it is doing this

The stated reason is to facilitate diversification. According to the update, this will enable the company to enlarge the area of operations, carry on its business economically and efficiently, and the proposed activities can, under the existing circumstances, be conveniently and advantageously combined with the present activities of the company.

How to read this

A Main Object Clause defines the businesses a company is permitted to pursue. Adding an object widens the set of activities the company may undertake.

• The change followed an earlier Board approval that was subject to member approval.
• It was placed before members and passed as a Special Resolution at the Annual General Meeting.
• The addition is a change to the company's permitted scope of business.

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