Board approves amendment to Object Clause, adding iron, steel, mining, construction and consultancy activities

The board of The Indian Wood Products Co. Ltd has approved an amendment to the Object Clause of its Memorandum of Association, by inserting a new clause (49) covering iron ore and steel, Ferro Silicon, Ferro-Chrome, coking coal.

Mon 5 Oct 2026

Board Meeting Date

October 5, 2026

New Object Clause Number

(49)

Approved Amendment

Amendment to the Object Clause of the Memorandum of Association

Approval Route

Subject to shareholder approval, sought through a postal ballot

Scrutinizer Appointed

M/s. M Shahnawaz & Associates, Practicing Company Secretary, appointed Scrutinizer for e-voting through postal ballot

Board meeting outcome, October 5, 2026

The board of directors of The Indian Wood Products Co. Ltd met on October 5, 2026 and considered and approved three items. The meeting commenced at 12:15 P.M. and concluded at 1:45 P.M.

What the board approved

• Amendment in the Object Clause of the Memorandum of Association (MOA), subject to the approval of shareholders of the company, by inserting a new clause as set out in Annexure A
• Notice of Postal Ballot to seek the approval of shareholders for that amendment in the MOA
• Appointment of M/s. M Shahnawaz & Associates, Practicing Company Secretary, as Scrutinizer for the purpose of conducting e-voting through postal ballot

What the proposed new clause covers

The new clause is numbered (49) and, in broad terms, permits carrying on trade, business and manufacturing, prospecting, raising, operating, buying, selling, importing, exporting and otherwise dealing in:

• iron ore and steel of all types, qualities, grades and kinds, as iron mongers, iron masters, steel makers and steel converters, and all other metals
• Ferro Silicon, Ferro-Chrome and products made of iron and steel, all types of coking coal, manganese, ferro manganese, limestone, refractories, iron ore and other alloys
• activities as miners, smelters and iron founders
• stainless steel, silicon steel, special steel, mild steel and allied products, fireclay, dolomite, limestone, refractories, iron ore, bauxite, cement, chemicals, fertilizers, manures, distilleries, dye making, industrial and non-industrial gas, lime burning, stone quarrying and concrete manufacturing
• constructing, installing, operating, managing and maintaining plants, mines, establishments and works

The clause also covers constructing, executing, improving, developing, managing or controlling iron and steel works, by-product and ancillary plants, fertilizer plants, coke ovens, foundries, furnaces, brick kilns, refractory works and factories, along with railways, tramways, ropeways, runways, roads, aerodromes, docks, harbours, piers, wharves, dams, barrages, weirs, reservoirs, embankments, canals, irrigation and power houses, transmission lines and related works, and hotels, houses, markets and buildings.

It further covers

• carrying on business as builders, contractors, engineers, architects, estimators and designers, and undertaking contract works in civil, mechanical, electrical and erection engineering, water supply and similar areas, and tendering for such works
• consultancy services in these fields, generally accounting, material management and industrial engineering
• planning, promoting and organising an integrated and efficient development of iron and steel and its associated input industries such as iron ore, coking coal, manganese, limestone and refractories

What this means for a shareholder

The MOA sets out what a company is permitted to do. Inserting a new clause widens the set of activities the company is enabled to carry on.

The board has approved the amendment subject to the approval of shareholders, so the shareholders' vote is the next step. That approval is being sought through a postal ballot, where shareholders cast their vote by post or through e-voting instead of at a general meeting. The update states that e-voting will be conducted for the postal ballot and that M/s. M Shahnawaz & Associates has been appointed as Scrutinizer for that process.

How to read this

• The disclosure records a board-level approval, the route chosen for shareholder approval, and the activities the proposed clause would permit.
• It is an enabling change to the company's charter documents; the commercial scale, timing or funding of any of these activities would be a separate matter.

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