The Board considered and approved two key items:
1. Increase in Authorized Share Capital
- Approved increasing the authorized share capital from the existing ₹16,50,00,000 (Rupees Sixteen Crores Fifty Lakhs) divided into 16,50,00,000 equity shares of Re. 1/- each
- To be increased to ₹31,50,00,000 (Rupees Thirty One Crores Fifty Lakhs) divided into 31,50,00,000 equity shares of Re. 1/- each
- New shares will rank pari passu in all respects with existing equity shares
- Subject to approval of members in their General Meeting in accordance with the Companies Act, 2013 and rules thereunder
2. Alteration in Memorandum of Association
- Approved insertion of new Clause no. III [A] (8) in the Main Object Clause
- New business activities include: development, construction, operation and management of hotels, resorts, motels, clubs, tourism centers, restaurants, convention centers, guest houses, day-care centers, adult day-care centers, senior citizen care centers, rehabilitation centers, service apartments, recovery and convalescence centers, wellness centers, health and fitness centers, spas, therapeutic and recreational facilities, holiday homes, villas, lodges, homestays, cafes, bars, clubs, lounges, banquet halls, exhibition centers, food courts and catering establishments
- Company may provide amusements, recreation, sport and entertainment for the public
- May make tie-ups with hotel chains, hospitality chains and eating houses chains in India and abroad
- Subject to approval of members in their General Meeting
The disclosure was signed by Swetank Patel, Managing Director (DIN: 00116551), and submitted to BSE Limited for compliance purposes.