Chandni Machines Ltd Expands Business Scope Approving New Clauses in Memorandum of Association

Chandni Machines Ltd Expands Business Scope Approving New Clauses in Memorandum of Association​

Chandni Machines Limited announced significant strategic expansions following a Board meeting held on Wednesday, June 24, 2026. The directors approved further alterations to the company's Memorandum of Association (MOA), broadening the scope of its operational business activities.

The Board also sanctioned a revised notice for an Extra-Ordinary General Meeting (EGM) of shareholders. This EGM is scheduled for Thursday, July 23, 2026, and will be held via Video conference or Other Audio Video Means (OAVM). The purpose of the meeting is to seek shareholder approval for the Amendment of the Object Clause of the Memorandum of Association.

Diversification into Manufacturing and Industrial Services​

The company's expanded objectives include establishing new manufacturing capabilities and entering specialized industrial fields. Among the primary inclusions are:

• Metal Production: Undertaking the business of manufacturing, processing, refining, casting, fabricating, and dealing in Aluminium, Zinc, all kinds of metal ingots; aluminium and other metal slugs and coins; and aerospace engineering components and related metal-based products.
• Facility Development: Establishing, developing, constructing, operating, or leasing manufacturing facilities, factories, and plants, including the development of a new factory in Gujarat or any other state within India to carry out these activities.

Deepening Focus on Marine and Defence Shipbuilding​

The approved alterations extend into extensive marine, shipbuilding, and engineering domains. The company is now authorized to:

• Marine Services: Undertake repair, maintenance, servicing, overhauling, refurbishment, and re-fitting of all types of ships, vessels, boats, barges, and other floating structures.
• Engineering Support: Act as marine and mechanical engineers, providing engineering, repair, and servicing solutions for propulsion systems, boilers, machinery, and auxiliary equipment used in ships.
• Infrastructure Development: Establish or manage docks, graving docks, dry docks, slipways, and necessary infrastructure required for the construction and maintenance of vessels.
• Trade and Support: Function as vendors, suppliers, dealers, or traders of marine equipment, spare parts, materials, machinery, and components essential for ship operation. Technical support services are also included, covering consultancy, inspection, testing, certification, and advisory for maritime safety standards.

Naval Projects and Chemical Trading​

The company's expanded mandate includes high-level defence and commercial commodity trading:

• Naval Shipbuilding: Undertaking the design, manufacturing, building, assembling, integrating, commissioning, and delivery of various naval vessels, warships, submarines, patrol boats, and auxiliary vessels for governmental authorities. This scope involves integrating specialized military hardware and weapons systems while adhering to national security protocols.
• Commodity Trading: Conducting business as importers, exporters, distributors, wholesalers, retailers, and dealers in all kinds of chemicals, petrochemicals, specialty chemicals, industrial chemicals, organic and inorganic chemicals, petroleum products, lubricants, oils, fuels, and all allied by-products.

Stock Price Movement​

Chandni Machines Ltd settled at ₹73.13 in post-market trading on Wednesday, edging higher by 2.39%. The shares navigated through a busy intraday range, reaching a high of ₹76.00 and finding support down to a low of ₹72.00.