Eimco Elecon Members Approve MOA Amendment and New Objects Clause
Eimco Elecon (India) Limited announced that its members have approved the adoption of a new Memorandum of Association (MOA) and the alteration of its objects clause through special resolutions passed ...
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Why is Eimco Elecon (India) Limited in the news today?
Eimco Elecon (India) Limited (EIMCOELECO) is in the news due to the announcement details a routine corporate action of amending the memorandum of association to comply with current laws and expand business scope. it does not contain any immediate financial impact or significant positive/negative news.
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Eimco Elecon Members Approve MOA Amendment and New Objects Clause
December 29, 2025, 10:35 AM
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Eimco Elecon (India) Limited announced that its members have approved the adoption of a new Memorandum of Association (MOA) and the alteration of its objects clause through special resolutions passed via remote e-voting. The remote e-voting period commenced on November 28, 2025, at 9:00 a.m. IST and concluded on December 27, 2025, at 5:00 p.m. IST.
The amendments are necessary to align the existing MOA, which was based on the Companies Act, 1956, with the current Companies Act, 2013. Key changes include the re-alignment of the object and liability clauses. The objects clause has been restructured into two parts: 'THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION' and 'MATTERS WHICH ARE NECESSARY FOR FURTHERANCE OF OBJECTS SPECIFIED IN CLAUSE III(A)'.
New sub-clauses have been inserted to expand the company's business scope, covering areas such as designing, manufacturing, and trading in all kinds of construction machinery, defense platforms and technologies, and pharmaceuticals and medical equipment. The existing 'Objects Incidental or Ancillary to the attainment of Main Objects' and 'Other Objects' clauses have been revised or deleted, and the liability clause has been replaced to specify that liability is limited to the amount unpaid on shares held.
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