MSTC Limited shareholders have approved a special resolution to amend the company’s Memorandum of Association. This strategic move allows MSTC to engage in businesses including travel agencies, tour operators, and tourist agents, utilizing web-based platforms or other means. The approval was secured through a postal ballot concluded on August 27, 2026, marking a diversification into the travel and tourism sector.
Strategic Diversification Approved
MSTC Limited has received shareholder approval to diversify its business operations by amending its Memorandum of Association (MOA). This significant decision, passed via a special resolution through a postal ballot concluded on August 27, 2026, empowers the company to venture into the travel and tourism industry.
New Business Avenues
The amendment will permit MSTC to operate as travel agencies, tour operators, and tourist agents. Furthermore, the company can offer allied services through various channels, including web-based platforms. This expansion into the travel sector signifies a strategic initiative to broaden MSTC’s revenue streams and market presence.
The detailed intimation regarding this amendment was submitted to the stock exchanges on August 28, 2026.
Source: BSE
