KRBL shareholders approve expansion into real estate development

KRBL Limited shareholders have approved a significant alteration to the company's Memorandum of Association, enabling an expansion into "real-estate development and allied activities." This strategic move, sanctioned at the 32nd Annual General Meeting on Wednesday, September 24, 2025, allows KRBL and its subsidiaries to acquire, develop, construct, lease, manage, and monetize immovable property. The company views this as a complementary growth engine alongside its existing agri-foods business, aiming to enhance long-term shareholder returns.

The changes involve amending the title of Clause III(A) and adding a new sub-clause for real estate. Clause III(B) was also updated with the insertion of new sub-clauses numbered 31 to 65. Additionally, the existing Clause III (C) "Other objects" has been entirely deleted.

This alteration was approved through Video Conferencing/Other Audio Visual Means, as detailed in the Explanatory Statement of the Notice for the 32nd Annual General Meeting. The updated Memorandum of Association is available on the company's website for public review.