Alteration in Memorandum of Association approved at 39th AGM

Members of SAR Auto Products approved changes to the company's Memorandum of Association at the 39th Annual General Meeting on 28th September 2026.

Tue 29 Sep 2026

AGM Date

28th September 2026

Meeting Number

39th Annual General Meeting

Key Approval

Alteration to Memorandum of Association to expand business objects

New Business Segments

Defence, aerospace, military, naval, land systems and industrial applications

Product Scope

Precision engineering components, automotive components, mechanical components and allied products

What Changed

At the 39th Annual General Meeting held on 28th September 2026, shareholders approved two alterations to the Memorandum of Association:

1) Addition of new Clause 3 to Main Objects: The company can now carry on the business of designing, developing, engineering, manufacturing, fabricating, machining, assembling, testing, inspecting, repairing, reconditioning, upgrading, buying, selling, importing, exporting, supplying and otherwise dealing in precision engineering components, automotive components, mechanical components, parts, sub-assemblies, assemblies, systems, equipment and allied products for automotive, defence, aerospace, military, naval, land systems, industrial and other engineering applications, including components and equipment for defence and aerospace platforms, vehicles, machinery and systems, and to undertake all activities incidental or ancillary thereto, subject to applicable laws, rules, regulations, licences, permissions and approvals.

2) Adoption of new Memorandum of Association: The company has adopted a new set of Memorandum of Association in line with Table A of Schedule I of the Companies Act, 2013. This resulted in deletion of clause (C) regarding Other Objects not included in the main and ancillary objects.

What This Means

These changes expand the scope of activities the company is legally permitted to undertake. The addition of the defence, aerospace, military and naval segments alongside existing automotive and industrial applications signals the company's intention to diversify into higher-value engineering sectors. However, all such activities remain subject to applicable laws, licences, permissions and approvals required by regulatory authorities.

Next Steps

The altered Memorandum of Association is subject to approval from the Registrar of Companies and the Ministry of Corporate Affairs. Once approved, the updated document will be published on the company's website at https://www.sarautoproductsltd.com/

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