Oswal Agro Mills updates governing documents to align with new regulations

Oswal Agro Mills Limited's board of directors, at their meeting on Friday, August 29, 2025, approved the adoption and alteration of a new set of Memorandum of Association (MOA) and Articles of Association (AOA). These changes aim to align the company's governing documents with the provisions of the Companies Act 2013 and other relevant regulations. The alterations are subject to the approval of the company's members at the upcoming 45th annual general meeting.

The MOA updates include realigning the object clause (Clause III) to comply with Table A of Schedule I of the Act, bifurcating it into main and ancillary objects, and introducing a new sub-clause (95) under Clause III(B). This new sub-clause explicitly permits the company to engage in trading, investing, dealing, arbitraging, and hedging in various financial instruments, including shares, bonds, and derivatives, across recognized stock exchanges. Additionally, Clause IV (Liability Clause) has been modified to clarify that members' liability is limited to the unpaid amount on shares.

The AOA has been restructured to align with the Companies Act 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, and Secretarial Standards. References to the 1956 Companies Act have been updated to reflect current provisions, and specific clauses allowing the company to perform certain acts when authorized by the AOA have been included. The board meeting commenced at 02:45 P.M. and concluded at 03:50 P.M.