Redtape expands business scope with broadened object clause

On September 27, 2025, Redtape Limited announced that its shareholders, during the 4th annual general meeting held on September 26, 2025, approved an alteration to the main object clause of the company's Memorandum of Association. This strategic move aims to expand the company's scope into various business segments.

The updated object clause now allows Redtape to engage in a wide range of activities, including purchasing, selling, distributing, trading, and manufacturing various products. This includes beauty, fitness, personal health care, and other men or women-centric products, through online portals, e-commerce, m-commerce, and physical stores across India and abroad. The company believes this will enable it to embark on new projects and activities more conveniently.

The alteration aligns with the board's consideration of business expansion proposals. This change enhances Redtape's operational flexibility and allows for greater diversification under the existing regulatory framework.