Elcid Investments Limited has received official approval from the Ministry of Corporate Affairs (MCA) for the alteration of main object clauses in the Memorandum of Association for both the company and its material subsidiaries. The MCA issued certificates of alteration on March 20, 2026, confirming the registration of special resolutions passed by the companies.

Corporate Governance and Approval Process

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Elcid Investments Limited altered its main object clause through a special resolution passed via postal ballot, with voting results declared on March 05, 2026. The material subsidiaries, Murahar Investments and Trading Company Limited and Suptaswar Investments and Trading Company Limited, passed their special resolutions during general meetings held on March 17, 2026.

Ministry of Corporate Affairs Certification

The MCA's Central Processing Centre issued three separate certificates under Section 13(1) of the Companies Act, 2013, confirming the registration of special resolutions for alteration of object clauses. The certificates were digitally signed by authorized officials including Brijesh Kain and M. Yadubhushana Rao, serving as Assistant Registrar/Deputy Registrar/Registrar of Companies at the Central Processing Centre.

Expanded Investment Powers

The revised main object clause allows comprehensive investment activities for all three entities. The amendments enable them to invest, buy, sell, deal, hold, invest, disinvest, exchange and surrender various financial instruments including:

• Stocks, shares, securities, and scrips
• Derivatives and debt instruments
• Bonds and debentures
• Policies, book debts, and claims
• Commercial papers
• Government or commercial securities
• Any other financial investment instruments

These activities can be conducted with any company, banks (whether government or non-government, public or private), or any local authority whether in India or abroad.

Documentation and Compliance

The company has submitted all required documentation to BSE Limited, including the MCA certificates as enclosures. The communication was digitally signed by Ayush Dolani, Company Secretary & Compliance Officer of Elcid Investments Limited, ensuring proper authorization and regulatory compliance. This modification enhances the operational flexibility of both the parent company and its material subsidiaries in their investment and trading activities while maintaining full compliance with regulatory requirements.

ELCID Investments Limited has filed a comprehensive regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the successful completion of its postal ballot process for altering the main object clause of the Memorandum of Association.

Postal Ballot Results and Regulatory Filing

The company announced the postal ballot results on March 05, 2026, with overwhelming shareholder support for the proposed alteration. The voting process concluded on March 04, 2026, demonstrating strong participation across shareholder categories.

Category-wise Voting Analysis

The special resolution received unanimous support from promoters and strong backing from public shareholders, reflecting broad consensus on the proposed changes.

Altered Main Object Clause Details

The company submitted the complete altered and amended Main Object Clause of the Memorandum of Association as part of its regulatory filing. The key alteration involved substituting the existing Clause III.A.2 with a new amended clause that expands the company's investment scope.

Updated Investment Objectives

The amended Clause III.A.2 now states: "To invest, buy, sell, deal, hold, invest, disinvest, exchange and surrender stocks, shares, securities, scrips, derivatives, debt instruments, bonds, debentures, policies, book debts, and claims and commercial papers, government or commercial security or any other financial investment instruments of any Company, banks whether government or non-government, public or private or any local authority whether in India or abroad."

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, and applicable SEBI regulations. CS Ruchi Kotak served as the appointed scrutinizer, confirming that the resolution was passed with the requisite majority. The company published mandatory newspaper advertisements in "Mumbai Lakshdeep" (Marathi) and "Business Standard" (English) on January 30, 2026, with the postal ballot notice dispatched on January 29, 2026.

The filing was submitted to BSE Limited by Company Secretary and Compliance Officer Ayush Dolani, ensuring full regulatory compliance and transparency in the alteration process.