Pace E-Commerce Ventures Limited announced that its Board of Directors has approved an alteration to the company’s Main Object Clause in the Memorandum of Association. This change, pending shareholder approval, includes the addition of a sub-clause to carry on the business of manufacturing, processing, and dealing in all kinds of milk and dairy products. The company stated this diversification aims to enlarge its area of operations and enhance economic efficiency.
Strategic Diversification into Dairy Sector
In a significant move towards expanding its business horizons, Pace E-Commerce Ventures Limited’s Board of Directors has approved a pivotal alteration to its Memorandum of Association (MoA). The decision, made during a board meeting on September 5, 2026, will see the inclusion of a new sub-clause aimed at facilitating diversification into the dairy sector. This strategic initiative is subject to the formal approval of the company’s shareholders at the upcoming Annual General Meeting (AGM).
Enhanced Business Scope and Operational Efficiency
The approved amendment introduces a comprehensive scope of business activities related to milk and dairy products. This includes, but is not limited to, manufacturing, processing, producing, preparing, preserving, packing, bottling, chilling, freezing, storing, transporting, distributing, importing, exporting, and dealing in a wide array of dairy items such as fresh milk, pasteurised milk, UHT milk, milk powder, cream, butter, ghee, cheese, paneer, curd, yoghurt, buttermilk, lassi, and ice creams, among others. The company anticipates that this enlargement of its operational scope will enable it to carry on its business more economically and efficiently, integrating these new activities advantageously with its existing operations.
Source: BSE
