Purpose: To expand and diversify business activities beyond current scope
Changes: Complete revision of Clause III (Object Clause) including:
Main Objects (Clause IIIA): Expanded to include manufacturing, trading, R&D in nutraceuticals, pharmaceuticals, healthcare products, hospitals, diagnostic centers, agricultural activities, and food products
Ancillary Objects (Clause IIIB): Added 12 new sub-clauses (58-69) covering legal capacity, investment powers, international registration, asset acquisition, research facilities, agency operations, and agricultural activities
Financial Impact: Explicitly states that no IPO proceeds will be utilized for newly added objects
Approval Required: Special Resolution under Sections 13, 15 of Companies Act, 2013
2. Increase in Borrowing Limits
Current Limit: Not explicitly stated but resolution mentions "supersession of earlier resolution"
Proposed Limit: ₹500 crore (Rupees Five Hundred Crore) in excess of paid-up capital + free reserves + share premium
Purpose: To meet business expansion, growth opportunities, and strategic initiatives
Authority: Board authorized to raise loans through various instruments from banks, FIs, corporates in India or abroad
Approval Required: Special Resolution under Section 180(1)(c) of Companies Act, 2013
3. Creation of Mortgage/Charge on Assets
Purpose: To secure borrowings within the approved limits
Assets Covered: All movable/immovable properties, tangible/intangible assets, present/future, whole/part of undertakings
Security Types: Charge, mortgage, pledge, hypothecation, security with power to take over management in default events
Approval Required: Special Resolution under Section 180(1)(a) of Companies Act, 2013
4. Loans/Guarantees to Subsidiaries
Limit: ₹100 crore (Rupees One Hundred Crore) outstanding at any time
Recipients: Subsidiaries (including step-down), associates, JVs, or entities where directors are interested
Conditions: Loans must be used for principal business activities only
Interest: To be determined at agreed rates from internal resources/accruals
Interested Directors: Mr. Mayur Popatlal Sojitra, Mr. Paraskumar Vinubhai Parmar, Mr. Ankurkumar Shantilal Patel, Mr. Harshad Nanubhai Rathod, Mr. Hardik Mukundbhai Prajapati, Mr. Vivek Ashokkumar Patel and their relatives
Approval Required: Special Resolution under Section 185 of Companies Act, 2013
5. Increase in Loan/Guarantee/Investment Limits
Limit: ₹100 crore (Rupees One Hundred Crore) outstanding at any time
Activities Covered: Loans to any person/body corporate, guarantees/security for loans, acquisition of securities of other body corporates
Purpose: To enable future business opportunities and growth plans
Approval Required: Special Resolution under Section 186 of Companies Act, 2013
Voting Details
Cut-off Date: Friday, 04th September, 2026
E-voting Period: Thursday, 10th September, 2026 (9:00 AM IST) to Friday, 09th October, 2026 (5:00 PM IST)
Service Provider: Central Depository Services (India) Limited (CDSL)
Scrutinizer: Mr. Nimish Chunibhai Sakhiya (Sakhiya & Co.), with CS Mukesh Pamnani as alternate
Result Declaration: Within 2 working days after e-voting conclusion
Communication Mode: Electronic only to members with registered email IDs
Financial Implications
Borrowing capacity increase to ₹500 crore beyond capital+reserves
Loan/guarantee/investment limits of ₹100 crore each for subsidiaries and general corporate purposes
No impact on IPO proceeds utilization for new objects
All financial arrangements subject to board discretion and market conditions
