Board approved amendments to Memorandum of Association to align with RBI requirements for NBFC-ND classification.
Proposed changes remove all lending and borrowing provisions from object clauses as mandated by RBI regulations.
Company will seek shareholder approval via postal ballot for MOA alterations from May 26 to June 24, 2026.
Post reclassification, company will remain NBFC but as Type-I NBFC-ND without public funds or customer interface.