Key Decision
Board of Directors approved alteration in Clause III(A) of the Memorandum of Association (MOA) of the Company, subject to approval of shareholders through Postal Ballot and other applicable statutory/regulatory approvals.
Business Context
Company's principal business activity continues to remain in the IT data centre sector. The proposed amendment is intended to include supporting and allied activities relating to:
- Disaster management, rescue, and safety equipment
- AI-based surveillance systems and cameras
Rationale and Business Objectives
The amendment enables the Company to:
- Explore business opportunities in the IT data centre segment where such items are bundled as part of RFPs
- Procure and supply such products and services to facilities operating in sectors aligned with the Company's core competencies in IT and data centre system integration
- Provide training, consultancy, installation, inspection, testing, maintenance, and technical support services in relation to safety and disaster management equipment, as well as IT and allied products
Board Perspective
The Board views the proposed amendment as providing greater flexibility to undertake supporting activities connected with existing business and to participate in emerging business opportunities in the disaster management and allied safety sector.
Approval Process
- Board approval obtained on 29th May, 2026
- Subject to shareholder approval through Postal Ballot
- Subject to other applicable statutory/regulatory approvals, if any