The board of Shree Hari Chemicals Export Limited approved alterations to its Memorandum of Association on August 25, 2026. The move expands the company’s permitted business activities into heavy machinery, infrastructure development, and general investments.

The proposal requires final approval from shareholders. The Board of Directors met on Tuesday, August 25, 2026, commencing at 12:15 pm and concluding at 6:00 pm. The decision was disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Business Verticals

The alterations introduce three new sub-clauses under Clause III (A) - Main Objects Clause of the Memorandum of Association. These additions significantly broaden the scope of operations beyond the company’s existing chemical export focus.

Machinery and Equipment

Sub-clause (9) permits the company to deal in cranes, lifting equipment, material handling equipment, and heavy machinery. This includes construction, agricultural, earthmoving, and industrial machinery, as well as defence vehicles and utility vehicles.

The scope covers manufacturing, trading, importing, exporting, and leasing these items. Additionally, the company can undertake equipment management, refurbishment, modernization, retrofitting, repair, maintenance, servicing, overhauling, inspection, testing, installation, commissioning, and dismantling. It may also act as manufacturers’ representatives, dealers, distributors, stockists, commission agents, consultants, service providers, importers, exporters, contractors, and traders for these products and allied spare parts.

Infrastructure Development

Sub-clause (11) enables the company to plan, design, develop, construct, engineer, execute, operate, maintain, manage, improve, renovate, and provide infrastructure projects. This includes roads, highways, bridges, flyovers, tunnels, railways, metro systems, airports, ports, harbours, waterways, logistics parks, industrial parks, urban infrastructure, townships, commercial and residential infrastructure, water supply and treatment systems, sewage and drainage systems, waste management facilities, power and renewable energy infrastructure, transmission and distribution systems, and telecommunications infrastructure.

The company can undertake Engineering, Procurement and Construction (EPC), turnkey, design-build, operation and maintenance, project management, consultancy, and infrastructure development contracts. It may participate in public-private partnership, concession, Build-Operate-Transfer (BOT), Build-Own-Operate-Transfer (BOOT), Design-Build-Finance-Operate-Transfer (DBFOT), and similar arrangements. The clause also allows acquiring, purchasing, leasing, developing, constructing, operating, maintaining, managing, transferring, or dealing in infrastructure assets.

Investments

Sub-clause (10) allows the company to carry on the business of investment, acquisition, and dealing in land, shares, stocks, debenture stocks, bonds, derivatives, obligations, and securities. These securities may be issued or guaranteed by any company constituted or carrying on business in India or elsewhere. It also includes debentures, debenture stocks, bonds, obligations, and securities issued or guaranteed by any Government, State, dominion, sovereign, ruler, commissioners, public body or authority, supreme municipal local or otherwise, whether in India or abroad.

Shree Hari Chemicals Export Limited’s Board of Directors held a meeting on August 25, 2026, to approve the re-appointment of its Chairman & Managing Director and two Whole Time Directors for three-year terms. The board also appointed an additional independent director.

The approvals are subject to shareholder consent. All appointments align with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Appointments

The board considered and approved the following changes to its composition:

Bankesh Chandra Agrawal, 74, brings over 49 years of experience in the yarn and chemical industries. Sarthak Agarwal, 34, has more than 13 years of experience in textile and chemical business. Nihit Agarwal, 32, holds a B.Tech degree and has over 10 years of industry experience.

Shri Ram Gupta, 70, is a Chartered Accountant with 44 years of experience in finance, banking, and taxation. Amrut Urkude, 54, holds a Doctorate in Management Studies and has over 30 years of experience in corporate governance and organizational leadership.

Governance Disclosures

The filing confirms that none of the directors have been debarred from holding office by SEBI or any other authority. Relationships between directors were disclosed as follows:

• Bankesh Chandra Agrawal, Sarthak Agarwal, Nihit Agarwal, and Non-executive Director Vikas Agarwal are related.
• Shri Ram Gupta and Amrut Urkude are not related to promoters or other directors.

The board meeting commenced at 12:15 pm and concluded at 6:00 pm.