Shareholders Approve New Memorandum of Association Aligning Object Clause to Jewellery Business
At the 44th AGM held on 29th September 2026 (12:00 P.M to 12:35 P.M, via video conferencing), shareholders approved adoption of a new Memorandum of Association in line with the Companies Act, 2013.
- AGM Date and Duration
- 29th September 2026 (12:00 P.M to 12:35 P.M, via video conferencing)
- Resolution Approved
- Adoption of new Memorandum of Association in line with the Companies Act, 2013
- Former Company Name
- PH Trading Limited
- Current Company Name
- Vega Jewellers Limited
- Object Clause Amendment
- Sub-clauses 1, 2 and 3 of Main Objects deleted and replaced with new sub-clauses relating to jewellery business
What was approved
Shareholders at the 44th Annual General Meeting approved the adoption of a new Memorandum of Association in conformity with the Companies Act, 2013.
The meeting was held on Tuesday, 29th September 2026 through Video Conferencing / Other Audio-Visual Means, commencing at 12:00 P.M and concluding at 12:35 P.M.
The change in detail
- The object clause (Clause III) of the MOA was based on the erstwhile company name PH Trading Limited.
- Main Objects sub-clauses 1, 2 and 3 under Clause III relating to PH Trading Limited were deleted.
- New Objects sub-clauses 1, 2 and 3 relating to the jewellery business were added, matching the company's present name.
Why it matters
A company's object clause defines the activities it is legally permitted to carry on. After the renaming from PH Trading Limited to Vega Jewellers Limited, the objects have been realigned to the jewellery business, so the charter document now reflects the business the company is identified with.
The disclosure was made under Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations, and signed by the Company Secretary and Compliance Officer.
This is an administrative and constitutional update rather than a transaction; it carries no figures on revenue, capital or fund-raising.
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