SVC Industries Limited’s Board of Directors has approved a proposal for the development and/or mortgage or disposal of company land located in Chhata, Mathura. This significant decision is subject to shareholder approval via a special resolution. Additionally, the Board has also approved the alteration of the main object clause of the company’s Memorandum of Association (MOA), which will also require shareholder consent. The company plans to explore suitable buyers and developers for its land assets.
Key Board Decisions
In a board meeting held on August 29, 2026, SVC Industries Limited’s directors considered and approved several material proposals. These include the potential development, mortgage, or disposal of land situated at Chhata, Chhata-Barsana Road, Mathura, Uttar Pradesh. This strategic move is subject to the necessary approval from the company’s shareholders through a special resolution.
Memorandum of Association Alteration
Furthermore, the Board has given its go-ahead for the alteration of the main objects clause of the company’s Memorandum of Association (MOA). This change, also requiring shareholder endorsement via a special resolution, aims to broaden the company’s business scope. The proposed amendments to the MOA introduce new business areas including advanced engineering and technological products for defence and space sectors, renewable energy solutions, and comprehensive mining and mineral resource management services.
Annual General Meeting and Director Appointments
The board also approved the schedule for the 35th Annual General Meeting (AGM), set to convene on Wednesday, September 30, 2026, at 11:30 a.m. The record date for the AGM has been fixed as September 24, 2026, with the register of members and share transfer books to be closed from September 24 to September 30, 2026. In line with governance practices, the company has appointed M/s. Abhishek Wagh & Associates as Scrutinizer for the e-voting facility. Key appointments and re-appointments of directors were also approved, including the re-appointment of Mr. Advait Chaturvedi, Ms. Sonal Jitendra Waghela, and the appointment of Mr. Ambuj Chaturvedi as Managing Director.
Source: BSE
