Mehai Technology Ltd Board Approves Object Clause Alterations and Director Re-appointment
The Board of Directors of Mehai Technology Limited held its meeting on April 08, 2026. During the session, the board considered and approved several key corporate matters, including alterations to the company's Memorandum of Association and the re-appointment of a Non-Executive Independent Director.The board approved the alteration of the Main Object Clause and ancillary object clause of the company's Memorandum of Association. These changes, which are subject to shareholder approval, aim to enable Mehai Technology to undertake various business activities. The alterations involve changing the existing Clause 2 and inserting new Clauses 8, 9, and 10 under the Main Objects, alongside inserting a new Clause 23 under the ancillary object clause.
The expanded scope of business activities approved covers several sectors. The changes allow the company to engage in activities related to petroleum products, pharmaceutical products, grain processing, renewable energy, and artificial teeth.
For instance, the insertion of new Main Object Clauses allows the company to undertake:
- Clause 8: Trading, recycling, importing, exporting, buying, selling, and dealing in petroleum and hydrocarbon products, including crude oil, fuels, and natural gas derivatives, as well as dealing in solid fuels.
- Clause 10: Processing grains, including setting up and operating mills for paddy and rice, and undertaking related activities involving cleaning, grading, and milling.
- Clause 23 (Ancillary Object): Manufacturing and dealing in artificial teeth, dental prosthetics, dentures, and other dental and oral care products.
Re-appointment of Independent Director
The board also approved and recommended to the shareholders the re-appointment of Mr. Akash Tak as a Non-Executive Independent Director. This appointment is subject to shareholder approval in a Postal Ballot Meeting.According to the details provided for the re-appointment:
| Particulars | Description |
|---|---|
| Re-appointment Term | Five (5) consecutive years |
| Period | January 21, 2026 to January 20, 2031 |
| Qualifications | PGDM and Bachelor of Computer Application |
| Experience | More than 10 (Ten) years in IT |
Furthermore, the board approved the appointment of Mr. Abbas Vithorawala, a Practising Company Secretary, to act as the Scrutinizer for conducting the Postal Ballot Meeting to ensure a fair and transparent process. The meeting of the Board of Directors commenced at 03:00 P.M. and concluded at 04:05 P.M.
Stock Price Movement
For the close on Wednesday, Mehai Technology Ltd shares settled at ₹1.25, posting a 5.04% jump. Throughout the session, the shares navigated a range spanning from ₹1.21 to ₹1.30.Source:
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