Key Resolution Details

  • Special Business Item No. 1: Alteration of the Main Object Clause of the Memorandum of Association of the Company
  • Requires special resolution approval from shareholders through postal ballot
  • Purpose: To completely delete existing sub-clauses 1 and 2 of Clause 3(A) of the MOA
  • Retain existing sub-clause 3 as the sole, consolidated main object of the Company, renumbered as sub-clause 1

Proposed New Main Object

The company will focus exclusively on: "To carry on the business of builders, contractors, erectors, constructors of buildings, houses, apartment structures or residential, office, industrial, institutional or commercial or developers of co-operative housing societies, developers of housing schemes, townships, holiday resorts, hotels, motels and in particular preparing of building sites, constructing, reconstructing, erecting, altering, improving, enlarging, developing, decorating furnishing and maintaining of structures. flats, houses, factories, shops, offices, garages, warehouses, buildings, works, workshops, hospitals, nursing homes, clinics, godowns and other commercial educational purposes and conveniences to purchases for development, houses buildings, structures and other properties of any tenure and any interest thereto and purchase, sell and deal in freehold and leasehold land and in purchase, sell, lease, hire, exchange or otherwise deal in land and house's property and other property whether real or personal and to turn the same into account as may seem expedient and to carry on business as developers and land buildings immovable properties and real estates by constructing, reconstructing, altering, improving, decorating, furnishing, and maintaining offices, flats, houses, factories warehouse, shops, wharves buildings works and conveniences and by consolidating, connecting and subdividing immovable properties and by leasing and disposing off the same."

Voting Timeline

  • Cut-off date for eligibility: Friday, July 24th, 2026
  • E-voting commencement: 9.00 am (IST) on Wednesday, 29th July, 2026
  • E-voting ends: 5.00 pm (IST) on Thursday, 27th August, 2026
  • Results declaration: On or before Saturday, 29th August, 2026
  • Resolution deemed passed on: Thursday, 27th August, 2026 (last date of e-voting)

Voting Arrangements

  • Service provider: Central Depository Services Limited (CDSL)
  • Voting method: Remote e-voting only (no physical ballot forms)
  • Scrutinizer: Mr. Nitesh Chaudhary (Practicing Company Secretary, Membership No. F10010 CP No. 16275)
  • Notice distribution: Electronic mode only to members with registered email addresses

Rationale for Alteration

  • Board evaluated corporate avenues to build sustainable long-term value for shareholders
  • Aim to pivot toward high-growth, high-margin business structures
  • Focus operational lens exclusively on Real Estate, Infrastructure, and Construction sectors
  • Existing sub-clauses 1 and 2 (historical commercial trading activities) no longer aligned with long-term business strategy
  • General trading/commodity operations and investment/financial activities were historically incorporated but not active
  • Company wants main objects to clearly show exclusive focus on construction and real estate
  • Managing extra company cash is already allowed under general powers

Impact Assessment

  • Will not affect core construction operations
  • Will not affect existing legal commitments
  • Will not affect capital structure
  • Will not affect financial standing of the Company
  • Requires registration with Registrar of Companies, Maharashtra, Mumbai-I

Additional Information

  • Documents available for electronic inspection without fee until last date of e-voting
  • No directors, KMPs, or their relatives are concerned or interested financially in the resolution
  • Board recommends the special resolution for approval
  • Notice available on company website: https://www.dreamaxgroup.com/
  • Also available on BSE website and CDSL website: www.evotingindia.com