Key Resolution Details

  • Special Business Item: Alteration of Object Clause of the Memorandum of Association of the Company
  • Resolution Type: Special Resolution requiring shareholder approval
  • Board Approval Date: May 25, 2026
  • Cut-off Date for Voting Eligibility: June 12, 2026
  • Remote E-voting Period: June 19, 2026 (09:00 AM IST) to July 18, 2026 (05:00 PM IST)
  • Results Declaration: On or before July 21, 2026

Specific Changes to Memorandum of Association

Deletions:

  • Complete deletion of Existing Clause III(A)(1) relating to takeover of assets and liabilities pursuant to BIFR rehabilitation scheme

Renumbering:

  • Existing Clause III(A)(2) renumbered as Clause III(A)(1)
  • Existing Clause III(A)(3) renumbered as Clause III(A)(2)
  • Existing Clause III(A)(4) renumbered as Clause III(A)(3)

Additions:

  • New Clause III(A)(4): To develop, own, operate, manage, and maintain a Gati Shakti Cargo Terminal (GCT) and integrated logistics infrastructure including railway sidings, freight terminals, warehousing, multimodal logistics parks, cargo handling facilities, and ancillary services by converting and upgrading the existing private railway siding of the Company bearing Railway Code - FMP (Freight Marketing Plan)
  • New Clause III(A)(5): To carry on business as carriers and freight forwarders, provide carrier services, heavy haulage and delivery services by land and railway, provide warehousing, logistics, transport and support services using existing rail tracks, and develop logistics parks, freight terminals, multimodal logistics hubs, common user terminals, and cargo handling facilities

Rationale for Amendment

The amendment enables the company to:

  • Pursue opportunities under the Gati Shakti Cargo Terminal (GCT) Policy of Indian Railways and PM Gati Shakti National Master Plan
  • Optimize utilization and commercial development of existing railway siding and infrastructure assets
  • Participate in logistics and cargo handling infrastructure development
  • Facilitate efficient movement of goods and strengthen multimodal connectivity
  • Remove obsolete clauses related to completed BIFR rehabilitation scheme

Voting Arrangements

  • Voting Method: Remote e-voting only through NSDL platform
  • Physical Documents: Not being sent to shareholders as per MCA circulars
  • Notice Distribution: Electronic mode to shareholders with registered email addresses
  • Scrutinizer: Mr. Tumul Maheshwari, Partner of M/s. MT & Co., Company Secretaries, Delhi appointed
  • Document Availability: Notice available on company website (www.facoralloys.in), BSE website, and NSDL website

Impact Assessment

  • No change in liability of members
  • No financial impact quantified in the disclosure
  • No directors or key managerial personnel have financial interest beyond their shareholding
  • Board recommends approval of the special resolution