Aar Shyam India Investment Company Limited, a prominent name in the financial and corporate sector, has made significant decisions at its Board Meeting held on April 21, 2025. These decisions are aimed at enhancing the company’s corporate structure and aligning its operations with its evolving business model.

The meeting discussed and approved several key initiatives, among which the most notable is the increase in authorised share capital. The company plans to raise its authorised share capital from Rs. 3.5 crore to Rs. 75 crore. This increase, which involves the creation of an additional 7.15 crore equity shares, will allow the company to expand its capital base to meet its future business and growth needs. However, this move is contingent on the approval of the company’s shareholders in the upcoming Extraordinary General Meeting (EGM), which is set to take place on May 16, 2025.

The company also approved the alteration of the Object Clause of its Memorandum of Association (MOA), subject to shareholder approval. This change will see the inclusion of various new business activities related to food processing, technology services, and transportation services. The new business lines will include manufacturing and dealing in food products such as dairy, cereals, and processed foods, along with engaging in engineering consultations for power generation, distribution, and trading platforms. The alterations are expected to strategically position the company in diverse sectors, opening up new avenues for growth.

In addition to the changes to its capital structure and business scope, the company has also proposed a name change to reflect its core business activities more accurately. The change will be formalized once the Ministry of Corporate Affairs approves the new name.

Another major decision taken at the Board Meeting was the surrender of the company’s Non-Banking Financial Company (NBFC) licence. This move signals a shift in the company’s strategy, focusing more on food processing, technology, and other diversified business activities. The surrender of the NBFC licence is expected to simplify the company’s regulatory compliance processes and align its operations with its new focus areas.

The EGM, which is a critical event in the company’s corporate restructuring, will be held at the company’s registered office in New Delhi. The notice for this meeting, along with the relevant documents, will be dispatched to shareholders in compliance with the Companies Act, 2013 and the SEBI Listing Regulations.

The company also appointed Mr. Aakash Goel of M/s. G Aakash & Associates, Company Secretaries, as the scrutinizer for the EGM. This ensures that the process remains transparent and in accordance with corporate governance standards.

In preparation for the EGM, the company has set a cut-off date of May 9, 2025 for determining the eligibility of shareholders to vote. Furthermore, remote e-voting will be available from May 13, 2025 to May 15, 2025, allowing shareholders to cast their votes on the matters to be discussed at the EGM.

The resolutions to be put forth at the EGM will include approval for the increase in authorised share capital, changes to the Object Clause in the MOA, the name change, and the surrender of the NBFC licence.

This restructuring initiative is part of Aar Shyam India Investment Company’s broader strategy to adapt to new market opportunities and focus on more diversified and profitable business sectors. By expanding its scope into food processing, dairy, technology, and energy, the company is positioning itself for long-term growth and success.

Overall, these changes represent a pivotal moment in the company’s evolution, offering promising prospects for shareholders and stakeholders alike. The outcome of the EGM will be closely watched as it determines the next steps for Aar Shyam India Investment Company Limited in its bid to redefine its business landscape.

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