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Ravindra Tradin
BSE: 504341NSE: ISIN: INE206N01018

19th-Aug-2019 18:36Source: BSE

Ravindra Trading and Agencies - Outcome of Board Meeting

Revised outcome of Board Meeting held on Tuesday, August 13, 2019.

With an intention to diversify into additional line of business, the Board of Directors proposed alteration of the Objects Clause III(A) by inserting additional clauses relating to automobile and hotels & resorts business in the Memorandum of Association of the Company.

Currently, the Company is engaged in the business of generation and supply of power and trading activities. Taking into consideration the upcoming demand for electric vehicles, their batteries and associated charging infrastructure and hospitality business, the Board of Directors has proposed to alter the Objects Clause of the Memorandum of Association, so as to enable the Company to commence its new line of business in addition to the existing business.

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