Shekhawati Industries Limited Approves Major Amendments to Scope, Targeting Renewable Energy and Agriculture

Shekhawati Industries Limited Approves Major Amendments to Scope, Targeting Renewable Energy and Agriculture​

Shekhawati Industries Limited, formerly known as Shekhawati Poly-Yarn Limited, announced that its Board of Directors met on May 15, 2026. During the meeting, the Board considered and approved significant amendments to the company's Main Object clause (Clause III) within its Memorandum of Association, subject to shareholder approval.

The Board meeting concluded with the approval of expanded business scopes in two major sectors: Renewable Energy and Agriculture.

Expanded Focus on Renewable Energy​

The amendment grants the company the ability to engage in comprehensive operations related to renewable energy. This expanded scope covers the generation, production, accumulation, storage (including battery, pumped hydro, and thermal storage), distribution, and transmission of power, heat, green hydrogen, and green ammonia derived from renewable and non-conventional sources.

The company will be empowered to utilize energy sources such as solar, wind, hydro, biomass, biofuel (including bio-CBG), geothermal, tidal, wave, waste-to-energy, and hybrid systems. Operational capacity includes designing, developing, procuring, constructing, and operating various renewable energy assets, such as solar parks, wind farms, biomass plants, electrolysers, microgrids, and EV charging infrastructure. Furthermore, the company can engage in the trading of renewable energy certificates (RECs), carbon credits, and green credits, and enter into power purchase agreements (PPAs) and virtual PPAs.

Comprehensive Agricultural Scope​

The second key amendment significantly expands the company’s agricultural activities. The approved scope covers not only traditional farming but also advanced verticals such as horticulture, floriculture, sericulture, aquaculture, and apiculture (beekeeping). The operations encompass various farming methods, including organic farming, natural farming, precision farming, hydroponics, aeroponics, aquaponics, and protected cultivation using greenhouses and polyhouses.

The business mandate covers the entire value chain of produce. This includes the cultivation, growing, and harvesting of all types of crops, cereals, pulses, millets, oilseeds, spices, medicinal plants, fruits, and vegetables. Beyond farming, the company can engage in processing, grading, packaging, and international trading of agricultural and horticultural produce. It is also authorized to undertake production and trading of seeds, bio-fertilizers, organic manures, and bio-pesticides.

Other Key Corporate Approvals​

In addition to the MoA amendments, the Board of Directors also approved the Material Related Party Transactions (MRPT) with four entities, subject to shareholder approval. These companies are:

• M/s. SKI Realtech Private Limited (formerly Advance Wood Processors Pvt. Ltd.)
• M/s. Vinayak Clothings Private Limited
• M/s. SKI Buildcon Private Limited
• M/s. Ruia Silk & Synthetics Private Limited

Finally, the Board fixed the date for the 35th Annual General Meeting (AGM) on Wednesday, June 17, 2026, to be held via Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

SHEKHAWATI Stock Price Movement​

Today, Shekhawati Industries Limited shares edged higher, gaining 4.89% to settle at ₹14.15 following strong post-market buying interest. The stock saw notable trading activity, with 12,134 shares traded today to drive its positive momentum.