Paradeep Phosphates Board Approves MOA Amendment for Energy Business
Paradeep Phosphates Limited announced on December 31, 2025, that its Board of Directors, through a circular resolution, has approved significant amendments to the Memorandum of Association (MOA) of th...
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Why is Paradeep Phosphates Limited in the news today?
Paradeep Phosphates Limited (PARADEEP) is in the news due to the announcement details amendments to the company's moa to include a new business area (electrical power and energy). while this could be a positive strategic move, it is currently a proposal requiring shareholder approval and does not immediately impact financials or operations, hence the neutral sentiment.
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Paradeep Phosphates Board Approves MOA Amendment for Energy Business
December 31, 2025, 12:14 PM
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Paradeep Phosphates Limited announced on December 31, 2025, that its Board of Directors, through a circular resolution, has approved significant amendments to the Memorandum of Association (MOA) of the Company. These alterations aim to align the MOA with the Companies Act, 2013, and include the addition of a new sub-clause (iv) under the 'Objects' clause. This new sub-clause specifically permits the company to "generate, receive, purchase, transmit, transform, distribute, supply, exchange, sell and otherwise deal in electrical power and energy from conventional and non-conventional sources including but not limited to waste heat recovery systems, and to supply and/or transfer surplus power to State utilities, open market buyers, and any other eligible consumers in accordance with applicable laws and regulations."
Additionally, the company will delete the entire Clause III(C) titled 'Other objects' and re-title Clause III(B) to 'Matters which are necessary for furtherance of the object specified in Clause III (A)', with subsequent re-numbering as appropriate. These changes are subject to the approval of the shareholders. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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