Shri Dinesh Mills Limited held a Board of Directors meeting on September 18, 2026, which commenced at 5:00 PM and concluded at 6:00 PM. The Board approved several significant corporate actions:
Memorandum of Association Changes
The Board approved seeking shareholder approval for:
1. Alteration of the Object Clause of the Memorandum of Association to include undertaking Real Estate Property related activities and Commodity trading
2. Adoption of a new set of Memorandum of Association as per TABLE-A in conformity with the provisions and format prescribed by the Companies Act, 2013, substituting the existing MOA
Subsidiary Matters
The Board noted and approved several subsidiary-related actions:
- Change of name of wholly owned subsidiary from Fernway Technologies Limited to Dinesh Felts Limited
- Disposal/Transfer of the entire Equity Shares and Optionally Convertible Non-Cumulative Preference Shares held by the Company in Wholly Owned Subsidiary Stellent Chemicals Industries Limited to another WOS Dinesh Felts Limited (formerly Fernway Technologies Limited)
- Post-transfer, Stellent Chemicals Industries Limited will continue as a step-down wholly owned subsidiary of the Company
- The Board noted that Stellent is neither an undertaking nor a material subsidiary pursuant to Section 180 of the Companies Act, 2013 and SEBI (LODR) 2015
Financing Approval
The Board approved an Inter-Corporate Loan to wholly owned subsidiary Dinesh Felts Limited not exceeding ₹40,00,00,000 (Rupees Forty Crores only) in one or more tranches from time to time.
Voting Mechanism
The Board approved a Postal Ballot Notice for passing of Special Resolutions to be passed by shareholders only through remote e-voting.