Rajasthan Gases expands business scope, prepares for name change

Rajasthan Gases Limited announced on September 27, 2025, that its shareholders approved material amendments to the Memorandum of Association (MOA) at the 32nd Annual General Meeting held on September 26, 2025. These amendments, approved by special resolution, involve renumbering clauses, modifying objects, deleting sub-clauses, and updating references from the Companies Act, 1956, to the Companies Act, 2013. The company intends to change its name and diversify into general trading, services, and investment activities.

The revised main objects include carrying on business as buyers, sellers, importers, exporters, distributors, and dealers of all types of goods, products, and merchandise. Additionally, the company will now acquire, hold, sell, buy, or deal in shares, units, stocks, debentures, bonds, and other financial instruments, including Futures and Options trading. These changes are subject to necessary approvals from the Ministry of Corporate Affairs and other regulatory authorities.

Shareholders also approved other key resolutions, including re-appointing Nikhilesh Khandelwal as managing director, appointing statutory auditors, and increasing borrowing limits under section 180(1)(c) of the Companies Act, 2013, up to ₹500 crore. All resolutions were passed with overwhelming shareholder support.