Bio Medica Laboratories Ltd. Board Approves Alteration of Company Objects for Major Expansion Plans
Bio Medica Laboratories Ltd. (formerly Bio Medica Laboratories Pvt. Ltd.) approved significant alterations to its Memorandum of Association (MOA) during a meeting of its Board of Directors held on June 22, 2026. The approvals were intended to support the company's planned expansion and expanded business scope.The board considered and ratified several items, including the alteration of the Object Clause ("Main Objects") of the company. This change is subject to approval by shareholders through a Postal Ballot process.
Key amendments to the MOA involve three primary areas of focus: manufacturing and trading; market dealings; and infrastructure development.
The newly inserted clauses allow the company to undertake extensive operations in botanical products and specialized chemicals, specifically covering:
- Manufacturing and Trading: Engaging in the business of manufacturing, processing, extracting, refining, blending, formulating, or dealing in essential oils, aromatic oils, herbal oils, fragrance oils, plant extracts, floral extracts, spice oils, oleoresins, hydrosols, perfumery compounds, and all other natural and synthetic products derived from botanical sources.
- Market Dealings: Purchasing, selling, importing, exporting, marketing, and distributing essential oils, aromatic chemicals, perfumery materials, flavouring substances, and allied products destined for the pharmaceutical, cosmetic, food, beverage, wellness, aromatherapy, agricultural, and industrial sectors.
- Infrastructure Development: Establishing, acquiring, leasing, operating, and maintaining necessary facilities, including factories, processing units, distillation plants, extraction units, laboratories, and warehouses required for the manufacture, storage, packaging, and trading of essential oils and allied products.
In addition to the object alteration, the board decided to conduct a Postal Ballot via E-voting. The appointment of M/s Vishakha Agrawal & Associates, Practicing Company Secretaries, was approved as the Scrutinizer responsible for conducting the Postal Ballot in a transparent manner. The cut-off date set for determining members' eligibility to vote electronically was June 19, 2026.
SANDESH Stock Price Movement
Today, The Sandesh Limited shares edged higher in post-market trading to settle at ₹999.90, gaining 2.03% on the day. The equity recorded a traded volume of 1,082 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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