Keto Motors Limited filed a regulatory disclosure with BSE Limited regarding the outcome of a postal ballot process. Based on the Scrutinizer's report dated August 25, 2026, the company's members passed three resolutions:

Resolution 1: Adoption of New Memorandum of Association (MOA)

  • The existing MOA was based on the Companies Act, 1956 and required alignment with the Companies Act, 2013
  • The alteration was necessary to realign the object clause and liability clause as per Table A of Schedule I of the new Act
  • Key changes in the new MOA include:
  • Changed title to reflect applicability of Companies Act, 2013 provisions
  • Clause III (B) was substituted and renamed to "MATTERS WHICH ARE NECESSARY FOR FURTHERANCE OF THE OBJECTS SPECIFIED IN CLAUSE III (a)"
  • Clause III (c) - Other objects of the Memorandum was deleted entirely
  • Clause IV regarding liability of members was replaced with new wording: "The liability of the member(s) is limited and this liability is limited to the amount unpaid, if any, on the shares held by them"
  • There was no change to the main objects of the company (Clause III (A) containing Main Objects sub-clause no. 1)

Resolution 2: Adoption of New Articles of Association (AOA)

  • The existing AOA required amendments to align with prevailing provisions of the Companies Act, 2013 and rules made thereunder, as well as Securities Laws
  • Changes were numerous, making it expedient to adopt a new AOA in substitution of the existing one
  • Key changes in the new AOA include:
  • Restructured and aligned with provisions of Companies Act, 2013
  • Aligned with Secretarial Standards issued by the Institute of Company Secretaries of India
  • References to amended sections, sub-sections, and clauses of the Act were substituted with new provisions
  • Based on "Table-F" of the Companies Act, 2013 (model AOA for a company limited by shares)
  • Specifically includes provisions that permit the company to do certain acts when authorized by AOA
  • Clause serial numbers were renumbered during this process

Resolution 3: Appointment of Director

  • Mr. Avula Venkata Narayana Reddy (DIN: 02290361) was appointed as Non-Executive and Non-Independent Director
  • Appointment effective from August 24, 2026
  • He is liable to retire by rotation
  • Profile details:
  • Serial entrepreneur, investor, and mentor with over 30 years of business leadership experience
  • MBA degree holder who worked in the Financial Sector in India and abroad
  • Experience spans diverse segments including Agri-Tech, Information Technology, Real Estate, Construction, and Community Service
  • Credited with shaping equity culture and attracting financial investments into institutions
  • TiE Charter Member and Mentor who has helped young entrepreneurs
  • First generation entrepreneur from a remote town near Hyderabad
  • Shareholding: Holds 49,999 equity shares in the company
  • No directorships in other listed entities
  • Not debarred from holding office of director by any SEBI order or authority
  • No disclosure of relationships between directors required (Not Applicable)

The adopted and amended copies of the MOA and AOA are available for review on the company's website at https://www.ketomotors.com/Investors.html.

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and SEBI Master Circular No: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.