Tavernier Resources Limited, a publicly listed company, has announced key decisions following its Board Meeting on 25th February 2025. The Board of Directors approved two major resolutions—shifting the company’s registered office from Maharashtra to Gujarat and altering the Memorandum of Association (MOA) to explore new business opportunities.

The Board Meeting, held at the company’s registered office in Mumbai, commenced at 5:30 PM and concluded at 6:30 PM. In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed its resolutions to BSE Limited.

Registered Office Relocation to Gujarat

One of the key decisions made by the company was to shift its registered office from Mumbai, Maharashtra, to Gujarat. This move is expected to be beneficial for operational efficiency, financial optimization, and business expansion. The decision, however, is subject to shareholder approval, following which the necessary regulatory clearances will be obtained.

Alteration of Memorandum of Association (MOA)

The Memorandum of Association (MOA) defines the scope of a company’s operations. To align with emerging business opportunities, the Board approved a modification in the company’s MOA, specifically in Clause III (A). The revised clause now includes new business avenues, focusing on event management, corporate brand promotions, celebrity management, and media relations.

The Board recognizes the growing demand for large-scale corporate events, entertainment shows, and brand activation campaigns. The new business model will involve organizing and managing luxury events, corporate gatherings, fashion shows, concerts, roadshows, social events, and promotional campaigns.

Key Additions to MOA

1. Event Management and Corporate Gatherings

   • The company plans to undertake and manage events across India and abroad for corporate clients and individuals.
   • These include fashion shows, concerts, brand promotions, seminars, exhibitions, social events, and conferences.
   • The business will involve venue booking, government permissions, sound and light arrangements, stage fabrication, and technical infrastructure support.

2. Celebrity & Artist Management

   • The company aims to develop, promote, and manage artists and celebrities for national and international events.
   • It will also work on media relations, press publicity, concept design, sponsorship branding, and innovative event solutions.
   • Additional services will include hospitality, logistics, and obtaining government permissions for large-scale events.

Appointment of Scrutinizer for Postal Ballot

To ensure a fair and transparent Postal Ballot process, the Board appointed Mr. Nayan Prafulbhai Pitroda, Proprietor of M/s Pitroda Nayan & Co., as the Scrutinizer. His role will be to supervise and certify the voting results.

Next Steps and Regulatory Approvals

The proposed changes, including office relocation and MOA amendment, will require approval from the company’s shareholders. Once approved, the company will initiate the necessary regulatory formalities.

Tavernier Resources Limited remains committed to diversifying its business portfolio and exploring new revenue-generating opportunities. With these strategic changes, the company aims to strengthen its market presence in Gujarat and expand into the high-growth event management industry.

Further updates on shareholder voting results and regulatory approvals will be disclosed in compliance with SEBI guidelines.

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