Pro Clb Global's board has approved the alteration of the Objects Clause of its Memorandum of Association to expand its business scope into new sectors including agriculture, media, and financial services. The decision, taken on June 5, 2026, requires shareholder approval via a postal ballot process to take effect. The expansion aims to diversify the company's operations beyond its current activities.

The meeting, held at the corporate office in Ahmedabad, commenced at 11:45 A.M. and concluded at 12:15 P.M. The board approved the notice for the postal ballot and appointed M/s. Rohit Bhatia & Associates, Practicing Company Secretaries, as the scrutinizer to ensure the e-voting process is conducted fairly. The filing was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Amendments to Memorandum of Association

The proposed changes involve the insertion of new clauses to the Main Objects under Clause III(A). These additions authorize the company to engage in a wider range of activities, including trading, manufacturing, digital platforms, and investment services.

The detailed amendments are provided in Annexure-I to the regulatory filing. Director Hemant Shantilal Mehta signed the disclosure on behalf of the company.

Pro CLB Global Limited has entered into a Memorandum of Understanding (MOU) to acquire an 85% equity stake in K Globes Digital Media Private Limited. The strategic investment, valued at up to ₹20 crore, aims to expand the target company's media and digital communication business verticals. The transaction is subject to satisfactory completion of due diligence, execution of definitive agreements, and receipt of applicable regulatory approvals.

The MOU, dated June 1, 2026, outlines a two-phase acquisition strategy. In the initial phase, Pro CLB Global will acquire approximately 85% of the equity share capital of K Globes Digital Media Private Limited. Upon completion, the target entity will become a subsidiary of Pro CLB Global. The company reserves the right to increase its shareholding up to 100% in one or more subsequent phases, contingent upon mutual agreement and regulatory clearances.

Pro CLB Global proposes to invest up to ₹20 crore in phases towards the development and expansion of K Globes Digital Media Private Limited's operations. The funds will be utilized for business expansion, technology infrastructure, content development, licensing, and working capital requirements. The investment will support activities including television broadcasting, digital media platforms, content creation, business news, and corporate communication.

The business objectives of the strategic association include the development of television broadcasting and business news channels, digital media portals, and print media publications. The partnership also targets corporate communication services, digital marketing solutions, and media production. The parties intend to leverage these verticals to provide business information, financial news, and market intelligence services.

The proposed transaction remains subject to several conditions precedent. These include the completion of satisfactory due diligence, approval from the Boards of Directors and shareholders of both companies, and compliance with the Companies Act, 2013. The transaction also requires adherence to SEBI Regulations and stock exchange requirements. The MOU is primarily non-binding in nature, except for clauses relating to confidentiality, exclusivity, governing law, and dispute resolution.