Indiabulls Limited Board Approves MOA Alteration, Seeks Shareholder Approval
Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) announced that its Board of Directors, in a meeting held on December 19, 2025, from 5:30 PM to 5:55 PM, has approved the alterat...
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Why is Indiabulls Limited in the news today?
Indiabulls Limited (IBULLSLTD) is in the news due to the announcement details a procedural change in the company's memorandum of association to comply with regulatory requirements. while necessary, it does not inherently signify a positive or negative financial or operational development.
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Indiabulls Limited Board Approves MOA Alteration, Seeks Shareholder Approval
December 19, 2025, 12:45 PM
Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) announced that its Board of Directors, in a meeting held on December 19, 2025, from 5:30 PM to 5:55 PM, has approved the alteration of the main object clause of the Company's Memorandum of Association (MOA).
This alteration involves replacing existing sub-clauses 1 to 6 with new sub-clauses 1 to 4 of Clause III(A) of the MOA. The objective is to align the company's main objects with those of a Core Investment Company, in compliance with the applicable regulations of the Reserve Bank of India.
Furthermore, the Board has authorized the conduct of a Postal Ballot to obtain the approval of the shareholders for the proposed alteration of the main objects. The draft Postal Ballot Notice has also been approved.
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