Approved and recommended to the members of the Company for alteration of Main Objects Clause of the Memorandum of Association of the Company. The details of the proposed alteration of object clause are explained below:
At present the Company is engaged in the business of manufacture of solar energy systems with focus on Solar PV Modules. The Company, considering the present and future demand, intends to explore the opportunities in Electric Vehicles (EV) and its related business. To enable the Company to carry on the said business, it is proposed to have a more appropriate Object Clause that reflects the present and future activities of the Company.