Himadri Speciality Chemical Ltd. has announced the approval of alterations to its Memorandum of Association (MOA) and the adoption of a new MOA set, aligning with the Companies Act, 2013. This strategic change, approved via a postal ballot on October 27, 2026, incorporates provisions for new business activities and restructures existing clauses for compliance. The company has also updated its liability and capital clauses to meet the Act’s requirements.
MOA Overhaul for Compliance and Growth
Himadri Speciality Chemical Ltd. has officially completed a significant corporate restructuring by approving alterations to its Memorandum of Association (MOA). This move ensures the company’s constitutional document is fully compliant with the Companies Act, 2013. The changes were ratified through a special resolution passed via postal ballot on October 27, 2026.
Key Changes and Rationale
The revised MOA reflects an updated structure for the company’s objectives. Previously based on the Companies Act, 1956, the MOA’s Clause III will now be divided into two parts, as mandated by the Companies Act, 2013. This includes merging the ‘other objects’ clause into the ‘incidental and ancillary objects’ clause. Crucially, amendments to Clause III(A) will permit the company to undertake new business activities, a key driver for future expansion.
Furthermore, the company has updated its liability and capital clauses to align with the latest regulatory requirements of the Companies Act, 2013. These comprehensive changes aim to streamline corporate governance and facilitate future growth initiatives.
Source: BSE
